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

Any Idea why many oil producing companies are still down?????

They are cashing in all the money lost everywhere in the world, even in mortgages etc. The Oil companies could move up by 100-200% by the next year when they receive the money from selling oil at $146 these days.

Too cheap to ignore, IMO.

I can believe 100%....or hightech may be right: Yet Stocks look forward and (this one) is showing no signs of operating at full-bore yet awhile. The snag is that "oil-price" looks to fall (soonish?) and this "might" cut excitement.
Hence investors are only prepared to buy on weakness.

The good news is that NOP "reserves" are significantly greater than the sp, so if you believe rather conservative volume-estimates, then NOP is a no-brainer. (Incomes and profitability are calculated at $80/barrel, which is an industry benchmark.) . . . I hold this stock.

EDIT: Dir Buy is 30k, not quite my level of excitement (=50k+), but at least it's in the right direction. It may signal that no news is anticipated, but then in this industry things happen out of the blue.

NOP is still heading down with no news at all. Maybe the reserves are not significant enough.

The reason, IMHO is that delays are the cause - without extraction many will feel their "reserves" are all hot-air . . . . yet my understanding is that the reserves are understated.
What NOP failed to tell us is that the countries of Europe are notorious for creating delays, requiring lengthty investigations and so on.
NOP does have sufficient cash (I understand) ans this includes a recent sale of a potential gas-storage facility, which we learnt would have taken a large wad of cash to develop - - - funny how what is good is seen as not worth having....almost weeks later-on. However, this GS-sale did make a decent profit, so maybe you have to have regard to cash-flow as well.
Yes, I agree, the NOP graph is disapointing, but IF the reserves are as expected, then the correct price is about 2-3x current....
..Ah, but they would say that, wouldn't they?

Be comforted that most holders ( from the last 18-months) paid more than today's sp - so they are selling on fear, not on any knowledge - at least until the stuff starts to flow. Then we can measure the potential volume/price.

In this market, even with flow results, the rise would be negligible to the fall, let alone no news at all.

Once a Tom Winifrith dream stock............Where is it going??????????

I read an interesting story mid week that a large shareholder (5% plus) had written to the board demanding change.

Todays fall almost 10% caused bu small sales close to the end of trade ........

sp down 16% following RNS about Gyane drilling.

This thread looks like it could do with a drink!

LISTEN: Northern Petroleum (NOP) - Significant financial changes outlined

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Northern Petroleum (NOP) - Canadian operational updat has just been released.

Click here

Watch: Northern Petroleum (NOP)
Virgo Well Test Programme - On site at well 14-22

Click here to watch

Link:- Post 558.
Not impressed by the speech, too quiet and the graphics are definitely Low Res, so it impossible to read the fine print . . . why do "Media Types" not understand the media?

The speaker needs to learn how to speak-up and maybe get off their chair.

Overall, I'm not impressed.
Huh.
With NOP shares at significantly low-levels, you'd think there might be some excitement, but none I could find...Huh, again.

Listen: Northern Petroleum (NOP) - Award of Italian permits & the sale of UK assets for £1.5M

Click here to listen

Listen: Northern Petroleum (NOP) - Canadian operations and production update

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Well, the sp movement says the Market doesn't like this stock.
Maybe recent Newsflow - is just "more of the same" as we've become used to jam tomorrow being replaced by "Jam soon" - several stocks are guilty of this - and maybe NOP is just another....
EDIT (15Dec2014)- No posters yet - I guess the sp is struck down by the price of Crude falling...maybe soon we'll see Fuel-Pump prices lowered - so consumers can have some glee.
EDIT ( 20Jan2015)- up slightly today to 9p3 - Oh deary, 'tis the Crude price methinks.

StockMarketWire.com
Northern Petroleum, the AIM quoted oil company focusing on production led growth, provides the following update regarding drilling and operational activities in north west Alberta, Canada.

Drilling:
§ Drilling operations commenced on revised single well winter drilling programme on 5 January

§ Well 102/11-30 is targeting a different reef to those previously drilled by the Company

§ Results of post summer drilling subsurface review used to optimise drilling location to target a higher production and recovery well

§ Results expected in early February

Production:
§ Tie-in of high rate well from the summer campaign, 102/15-23, completed on 23 December 2014

§ Total production from the Company's Canadian operations exceeded 500 barrels of oil per day ("bopd") on 27 December 2014

§ Production range from the beginning of February expected to be 400 - 550 bopd, subject to a final review of the tie-in of other wells and excluding any contribution from 102/11-30

Corporate:
§ Unaudited cash balance at the year end was approximately US$12 million

§ Challenging oil price environment has led to capital programme revisions and corporate cost reductions

§ Graham Heard stepped down from the board at the end of last year, as previously announced.

Northern Petroleum - Drilling and production update

click here

Northern Petroleum - Drilling and production update

click here

Another oil co fallen on hard times.