Star Energy is currently testing the Avington well in Southern England.
This will take about 4 weeks an RNS news feed said, it started on 25/06/06.

I hope it proves positive so we get a good share price rise!
We are 5% holders but i'm not sure how much in pence potential this is worth for the company.

Another good reason to hold on to this share.

hangon,

"The Havant exploration well is to be drilled in 2010 and could, if successful and with the requisite consents, be brought on stream rapidly. The oil quality in this basin is excellent."

http://www.northpet.com/operations/united-kingdom/

VAST oil reserves worth millions of pounds are believed to lie beneath one of Britain's biggest housing estates.

Oil giant Northern Petroleum Ltd claims the sprawling estate at Havant, Hants, is a potential oasis of "black gold".

http://www.thesun.co.uk/sol/homepage/news/article2068406.ece

Read the parts on Horndean, Horndean East PEDL126

http://www.envoi.co.uk/P182Northern(UKWealdAssetPackage)Synopsis.pdf

The well that hit oil today has been drilled as a producer well so it is instant cash generation if it can produce. It would also increase the value of any possible sale of the UK assets.

BUY CONFIRMED

Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.

Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a confirmation but today it is. The market opened with a gap-up and the days activity resulted in a close higher than the open. This is a valid confirmation criterion. The market seems ready for a new bullish move.

The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.

We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=nop

NOP hoping Tullow hit black gold in Feb 2011. What SP if this comes off?

French Guiana
A number of Jubilee-type leads have been identified in the south-eastern part of the block and the acquisition of a large 3D seismic program (2,500 sq km) was completed in early February 2010. Processing and interpretation of this dataset is ongoing and planning for the first well on the material Zaedyus prospect is continuing, with a target spud date of February 2011.
http://www.rigzone.com/news/article.asp?a_id=97861


Country French Guiana
Block Guyane Maritime
Prospect Zaedyus
Gross upside* 700 mmbo

http://files.the-group.net/library/tullow/presspack/pdfs/tullow_2009fypresentation.pdf


Northern having a net beneficial 1.25% interest.
http://www.northpet.com/news/detail/2010/12/update-


700mmbo @ 1.25% to NOP is 8.75mmbo, currently $90 per barrel. Drilling in Feb 2011

Tullow drilling oil in Feb, Orca drilling gas in Q2.

The La Tosca prospect is estimated to contain 45 Bcf of gross mean prospective
resource with an upside of 85 Bcf of 99.5% methane gas. Work is currently in progress to secure a site from which to drill the La Tosca-1 well, scheduled for Q2 2011.
http://www.orcaexploration.com/operations_Italy_Longastrino.asp

http://www.advfn.com/p.php?pid=nmona&article=45559119

17:45, Monday 27 December 2010

Brent crude for February delivery hit $94.52 in morning trading its highest level since the height of the banking crisis in October 2008 before profit takers moved in. Brent finished 15 cents higher at $93.92. Although UK markets were closed, Brent crude contracts can still be traded electronically.

Oil prices are expected to rise steadily next year, with many analysts forecasting the price could cross the psychologically important $100 a barrel mark.

Analysts from Goldman Sachs (NYSE: GS - news) , Morgan Stanley (DWDF.EX - news) , Bank of America Merrill Lynch and JP Morgan Chase have all said they expect oil to move above $100 in 2011, with some raising the possibility that it could happen earlier in the year than many feared.

The key risk is that we are being too cautious and that the threat of $100 per barrel oil that is implicit in our fourth quarter 2011 oil forecast arrives sooner than we expect driven by not only a weak dollar, but also by rampant Chinese and emerging market demand, Lawrence Eagles, an energy analyst at JP Morgan, said in a recent report.

http://uk.finance.yahoo.com/news/World-markets-fall-oil-price-tele-3154817514.html

$100 a barrel for 6Bn++ barrels is rather a lot more than NOP is valued at today.

NOP Italy deatils
http://www.northpet.com/operations/italy/


Way more detail in this article though.

In the Sicily Channel, the focus was over the G.R.17.NP., G.R.18.NP, and G.R.19.NP permits. Regional modeling suggests the Lower Tertiary reservoirs are the most promising targets, with the Cretaceous containing the primary source rock. Northerns geologists have identified several billion barrel-plus prospects developed as drape features over underlying thrust anticlines.

Another new 200 km (124 mi) 2D survey over the C.R147.NP permit in the Straits of Sicily, again on the median line, confirmed two significant prospects with potential reserves of 400 MMbbl and 200 MMbbl.

It also estimates the potential oil in place in six other drilling prospects identified by Enterprise on the two licenses at 1.26 to 6 Bbbl.

There could be further targets in three adjacent offshore licenses, for which Northern holds preliminary awards. According to Northerns geologists, the southern Adriatic is under-explored, despite most of the wells to date being discoveries. There are analogies to Mexicos prolific Golden Lane and Poza Rica trend, which includes the multi-billion barrel Poza Rica field.

http://www.offshore-mag.com/index/article-display/324175/articles/offshore/volume-68/issue-3/special-report-italy/independents-leading-exploration-revival-off-southern-italy.html

Option to get in before the spudding here. 1Bn+ barrels in Europe is an amazing potential discovery. NOP just 114.95m today.

Sicily drill decision imminent


Published: Dec 27, 2010
Offshore staff

LONDON -- Northern Petroleum and its partner Shell Italia will decide before end-March whether to drill in their Thrust and Fold Belt permits offshore Sicily.

Permits CR146 has a prospect with estimated resources of 1 Bbbl-plus.

Northern adds that the CR147 permit has been made more attractive by ADX Energys recent announcement of the Lambouka in nearby Tunisian waters.

The farm-out process for both permits continues.

12/28/2010
http://www.offshore-mag.com/index/article-display/3801899726/articles/offshore/drilling-completion/north-sea-northwest-europe-2/2010/12/sicily-drill_decision.html

The Golden Cross is here, as the 50EMA just crossed the rising 200EMA.

200 trade just went through. Here is a theory.

"If you believe in MM signals, 200 shares means "I need shares badly,but do not take the stock down."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57812748

Stop loss heaven for the MM's

So the 200 trade(see below) at 14:45 was a signal that someone was accumulating to fill an order, but keeping the SP supported as per the 200 signal was not filling the order so following the 300 trade(see below) at 15:52 they dropped the SP and hit a load of stop losses to try and fill the order. Not rocket science is it.

MM SIGNALS

100 > I need shares

200 > I need shares badly but dont take it down to get em

300 > Take the price down to get shares....

400 > Trade it sideways based on Supply and Demand

500 > Gap one way or the other, usually to the direction

of the 500 trade. Sometimes -if in the middle -keep the price right where it is.

A bit disappointing for the sp at close of play....

And the 500, 400 trades earlier in the day?

Guess best to ignore those.

Here we go again with more MM games to fill orders. There is no excuse for this volatility on such low volume. Look at the effect on the ASK of the 600 trade at 8:24:54.

Spread is now getting wider as they drop the BID to hit stop losses but move the ASK up to deter buyers.

Need more buyers but looks like it will have to wait until trading resumes in 2011.

The Golden Cross has happened and the UK oil well results are on the way, so I am confident that the SP will be much higher in a few weeks time.

Maybe 110 today/tomorrow, bottom of the uptrend channel if you look at the chart. Then POP back to 130p+ again as the day trader buys kick in.

Just need the well results and its GAME OVER for the MM's, they know it too, hence why they are creating such high volatility from such tiny volume before the news arrives!

Amazing that every time I add 5k shares to my test buys, the SP goes UP and UP and UP. This shows how valuable the stock really is to the MM's. If you want it, you have to pay a 2.86p premium just to get 80k shares instead of 5k. Meanwhile they bu66er round with the SP to get more stock back into their books before they hike the price back up on the next buy volume increase.

Buy 5000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.13p

Buy 10000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.474p

Buy 15000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.526p

Buy 20000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.552p

Buy 25000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.6043p

Buy 30000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.78p

Buy 35000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 118.88p

Buy 40000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 119p

Buy 45000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 119.33p

Buy 50000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 119.6p

Buy 55000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 119.87p

Buy 60000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 120.11p

Buy 65000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 120.35p

Buy 70000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 120.59p

Buy 75000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 120.8p

Buy 80000 NOP - NORTHERN PETROLEUM ORD GBP0.05 at a price of 120.99p (MAX offered)

Why is it amazing? MMs are obliged to deal in the NMS, anything above and you will likely pay a premium, nothing unusual in that at all.

For what it's worth my observations of dead crosses and golden crosses seem to indicate the SP usually gravitates back to the MAs before continuing the trend.

ptholden, please show me on the chart of the last 3 NOP Golden Crosses exactly where the SP moved back the the MA before moving up, it never did before rising first. If you look back on the charts you will realise that it is now past tense, so the MA's have moved up to meet the price over the following 50 and 200 days, not the other way round.

The SP should not rise on every 5k shares if there is the right amount of stock in the free float, it is absurd to suggest that I should pay a premium on 10,000 shares over 5000, or on 50,000 over 45,000. A premium on 50,000 over 5,000 would be the expected change, then another premium at 100,000.

"In French Guiana interpretation of the newly acquired 3D data set continues with the maturation of several Jubilee type prospects, Tullow stated.

"The first and most exciting of which, Zaedyus, will be drilled in Q1 2011.

Tullows comments are from this mornings comprehensive interim management statement, in which it highlighted that the Jubilee will come on-stream in December to produce 58,000 barrels of oil equivalent per day - the top end of expectations.

First oil production from the Jubilee field is expected early next month and will transform Group production next year.

Jubilees production will ramp up to around 120,000 barrels per day over three to six months.

http://www.proactiveinvestors.co.uk/companies/news/22885/wessex-exploration-welcomes-tullow-oil-comments-on-guyane-maritime-license-22885.html



So Zaedyus is similar to Jubilee. Northern have a net beneficial 1.25% interest in Zaedyus.

http://www.investegate.co.uk/Article.aspx?id=20101214070000P1197



Therefore, if Zaedyus production proves as good as Jubilee then NOP would gain the revenues on 725 boepd to 1500 boepd, a 31.5 to 65% increase on its production today.

Top

My comment re crosses refered to the Market in general, not specifically NOP.

As NOP is a SETsMM stock I suggest if you wish to buy a large qty, use DMA and fill your order through the book. Although probable, MM manipulation is less of an issue with SETs.