looks like its hit oil, don't know whats gonna happen, any idea's ???

They are liable to float off their Italian interests on OFEX in the next month.

From the Chairman statement

Italy - "I believe that our position in Italy is not fully recognised...We have now been awarded, or have outstanding applications for, an area covering 8,393km2 , equivalent to about 42 North Sea blocks...A certain amount of patience has been needed, but now it is time to draw more attention to an asset that could be described as very significant. However viewed, it is not small.


This has the potential to be a multi bagger but then I am biased I own a few.

Whats a multibagger?

Price increased by a multiple of times

Looks very promising up slightly today.

I am in a good position to see (physically) when drilling occurs in Hedge End M27 junction. It is not yet happening. Any ideas as to when?

Does anyone have any ideas as to why the sp has been creeping up over the past weeks?

NP

I think there is announcent on the Italy drilling report which is coming soon.

hence the large number of trades recently

Cheers guys

NP

np1009440, do you have a big holding??

enough to keep things interesting - 40000.

Bouldnor Copse drilling: approval recommended! (conditionally... the decision is made by a committee which meets next Tuesday evening 26th Oct)

http://www.iwight.com/council/committees/Mod-development_control/26-10-04/paper%20B1.htm

Company info suggests they will drill Sandhills-2 (already approved) and Bouldnor Copse-1 back to back, so this approval is the key to early progress at a guess.

Lets see if this kicks off another rally... last time I predicted a 5th wave, still could happen near term IMHO

At last things have been very quiet of late - I was dying for some news. Blue today!

Any news on planning permission?

More oil testing approved
Northern Petroleum says it's being allowed to test for oil at another site on the Island. The company's plans for temporary drilling at Bouldnor Copse near Yarmouth have been approved by councillors tonight. A report from planning officers had recommended the plans could go ahead with a string of conditions to prevent environmental damage. Northern Petroleum already has permission to test for oil at a separate site near Porchfield.
Taken from Isle of Wight radio news. Hope rig is on the way there now!

Planning permission granted

http://www.uk-wire.com/cgi-bin/articles/20041027070000p203c.html

Pity no mention of drilling start date. Surely rig is lined up !

I heard the its probably January before they can start then will take 3/4 weeks to find out whats there.

Where did you hear this? Was it from Northern?

Nope from a friend who is usually correct, however at the end of the day is just rumour!