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

hi
Watch this share early New Year, their connection with Libya is being overlooked.

What is the connection with Libya?

This may be of interest

Shares
20 January 2005
Oil on your doorstep
"...London-headquartered Northern Petroleum (NOP:AIM) has been one of the busiest explorers. Northern currently has nine operating licences (where Northern does the drilling itself) and three non-operated ones (where a third party handles the drill bit) along the southern English coastline. It was also recently awarded five licences in the 12th onshore licencing round, including in the Solent and Kent..."


Shares
13 January 2005
Tip for the top

Does anybody know when Sandhills2 will be ready to drill? 'cos there's only one week left in Jan!

Lets hope they find lots of the black stuff!

I took a look at the site today. They've prepared a large flat area, but no rig yet. Perhaps they have trouble getting one?

Thanks Niels. I'm sure it be worth waiting for.

Immediate Release 02 February 2005

Northern Petroleum Plc

('Northern' or the 'Company')

Re. New Application and Drilling Update

New Application to Drill in Hampshire

Northern has today submitted an Application for Planning Consent for the
drilling of the Hedge End-2 well from a site towards Botley owned by the
Hampshire District Council. The well will test an oil discovery made in 1988
which was cored and logged but not tested, a decision believed to have been
taken due to poor core recovery and the oil market conditions at the time. More
recently Northern has materially revised the methods for interpretation of logs
in the Great Oolite formations in the Weald Basin and as a result believes that
Hedge End-1 was an oil discovery of 50 to 125 million barrels of oil in place.
The substantial range of the estimates is due to the Hedge End-1 well being
drilled entirely above the oil water contact. Northern is the licence Operator
holding a 50% interest.

Isle of Wight - Update

Northern also announces that final agreement has been reached with The
Secretary of State for Environment, Food and Rural Affairs regarding the site
from which the Bouldnor Copse-1 well will be drilled. Planning Approval having
already been granted on October 26th 2004.

Site clearance work will begin shortly under the control of The Forestry
Commission and site construction thereafter on a schedule that should permit
the drilling of Bouldnor Copse-1 immediately following completion of operations
at the Sandhills-2 well-site.

The Bouldnor Copse-1 exploration well on licence PEDL 089 in which Northern
hold a 70.0% interest will be drilled to test prospects at both Jurassic (Great
Oolite) and Triassic (Sherwood Sandstone) levels with an estimate of greater
than 200 million barrels of oil in place with an upside potential of almost 400
million barrels, but extending into three other licences of which Northern is
the Operator holding interests between 57.5% and 66.125%.

Northern is also pleased to announce that at the Sandhills-2 site on PEDL 113
the main site construction phase is complete. The timing of drilling operations
will be announced once the drilling rig contract, currently under negotiation,
has been concluded. Northern will hold a 57.5% interest in the licence.

Spain - Update

Northern also announces that in Spain, where its 100% subsidiary, Northern
Petroleum Exploration Limited is the Operator and has a 45% interest in the
Ayoluengo oil field, a programme to perforate previously untapped formations
within the production intervals has been agreed with partners. The programme is
to be undertaken in two phases and involves all of the currently producing oil
wells. This is viewed by Northern as a welcomed positive commitment by partners
to increasing production at Ayoluengo in conjunction with an ongoing cost
cutting programme and could lead to an increase in production of between 25%
and 100%.

-Ends-

For further information please contact,

Derek Musgrove, Managing Director

Northern Petroleum

Tel. 020 7743 6080

Dynamite

R u holding these as well, have you got any more of mine? CSH,JKX,BUR,FTO, PET,WTE and DGO all oil & gas.

AVM,TMC,CDN and the best of all Griffin mining [GFM ] OH' and FOGL.

Aldwick...had NOP since 4p and more at 8p. I don't have any more of your shares...I did have JKX at 36p but I sold out too soon at 46p ;-( I have learnt it to hold on when I see the potential NOP has plenty of that.
Di

agree [hd]

any idea of the target price,last time it was 30 pence.

Rig contract signed for Sandhills-2. There should be some sp movement now.

not to sure about hampshire have a look at this www.say-no.co.uk

Lets's hope the presentation on 1st March goes well.

Amities / slt . Ex Bristol based stockbrokers, Wills and co, whose extensive expertise was not so long ago concentrated in exclusively dealing with small IPO s listing on the OFEX facility have now attained a clearing house in Pershing Sec. and moved into the city of London, and now deal in all manner of stocks.However,thier specialist knowledge of micro/smallcaps is second to none; and consequently often have thier brains picked by bigger houses whose knowledge in any listed entity with a m/c below 250m stg is utterly lacking.l do it myself on occassion . :-)) ..My point merely being that they waxed lyrical about NOP at the 2.5/3p level in the autumn of 2003 and i suspect bought heavily ; but totally lost interest at 10p citing lack of impetus from the market and a lot of good news having already been factored into the s/p .Of that i am not quite so sure; and while i must agree it is painful watching NOP break through this 10p level without incessant aggresive selling l remain confident and am content to hold until at least drilling results from two back to back wells are made known .Junior oil companies constitutes 65% of my portfolio.And have paid remarkable dividends. ..What with April futures sitting pretty at $53 55c p/b ,supply tight, capacity running at 94.7%,high rotary rig count, continual interuption to supply and bottleneck in said production, and second strong quater demand anticipated ( again) oil is only going one way.China and lndias appetite is insatiable and coupled with oil delineation paves the way for small minnows such as NOP to break into the market. The prospect of a few hundred million barrels of unhedged sweet crude oil sitting on your doorstep it is not one to be ignored. NOP also have a fractional farm in agreement with Hardmans of Oz regarding a potential l blln field in coastal French Guiana in South America .But with Hardmans having such a diverse portfolio and up to thier eyes in coastal West Africa i would not imagine this prospect to be left on hold until 2006 at least. By then NOP may be in such a fiscal position to exercise this farm in arrangement with HNR ......a'bientot bonne chance , sois sages , @+ J

Isle of Wight County Press today reports that Northern Petroleum is applying for planning consent for a third borehole on the Island. The hole will be drilled in the event they strike oil in either of the two first holes. The site would be known as "Sandhills 3".

The paper also reports that Graham Heard, exploration manager for Northern, said he expected the rig to arrive in about a month.

Amities /What with rotary rig count at current levels(acc. to Baker-Hughes up 16.2% in the Americas and 10.1% in the rest of the world) there is a chronic shortage of avaialable rigs. Hence delays globally.. The statement from NOP can only be viewed with optimism and prudence should they make a strike.As if operating from strenth and with foresight.Prerequisite geologies supported by more than impressive seismic data more than suggests the presence of hydrocarbons ; and subsequently i have quite a few with a basket price of 4.25 and 6.25 and 8.25 ( the last buy being a little impetous) respectively.They seem to have a army of support at 9.5 ; but that illusive "price tag" of 10p+ is encountering strong resistance . l fully anticipate a drilling update reg. drilling inception to be the very impetus to take it convincingly through the 10p s/p ,and then wait some more for results The waiting game . ,,,,et...Alors !! qui sait ?. a'bientot @+ J

Amities/ What with todays RNS announcing NOP's succesful procurement of drill No. 28 with inception commencing a.s.a.p after April 21st which is the date pencilled in for the rigs arrival, i am both rather bemused, yet totally confused by todays selling.lt utterly defies basic logic. Why hold a stock to only sell when it is radidly approaching the exiting culmination of many years hard work ? This "back to back " twin project at Sandhills has the potential to be a real company maker. Even if but 50% of estimates prove realistic the price of low sulphur sweet crude sitting a tad in excess of $55 and Henry Hub gas prices riding high all makes for a hefty addition to NOPs coffers.What is more the oil is unhedged.Furthermore the basket price being attained by producers from refiners stands at $40 22c( sour crude from Middle East and Venezula) to $41-89c (for Brent) to $43-26c for WTI.Even more for the likes of "Lousianna sweet" At such prices NOP appears totally underated And what with other irons in the fire a re-rating is surely inevitable. As for today -l simply dont understand. Even the mms attempted to make a market today as opposed to holding this one in check. ,,,,Bonne nuit Bonne chance ...a/b ,,@+ J

TFC, Agreed

The selling over the last few weeks has been horrific. Unbelievable. Perhaps we could do with a warning of some sort to take us to 20p/share

Funny to see that both Hereward and Northern are "allowing" the drilling to be postponed. They should learn from JR Ewing!

It's the usual shit from NOP, anything but drill seems to be the word.





Prolly going to need it in the morning.