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

Patience does pay off. Brought back in the days of 53p. 2.00+ here we come

Todays Broker note from Investec...

The fourth in a series of asset deals at Northern Petroleum has seen the company sell 25% of its six Dutch discoveries and three exploration wells for a value that supports a price close to our 225p price target on the shares. 75% of the consideration is in cash with the remainder a balanced mix of producing assets, discoveries and an exploration prospect.

Impact

This deal strengthens the Balance Sheet with the company potentially having in excess of 25m of cash, before current year working capital and capex, once the deal has completed. Also, it further de-risks the developments by bringing is a sizeable Dutch strategic partner willing to acquire without contingency and adds a modest amount of near-term cash flow. In our view, the value of assets transferred to Northern totals 40m which supports a valuation of the group of 217p/share, just shy of our 225p price target.

Recommendation

As well as being the deep value play, Northern is building a reputation as a successful dealer of assets. Recent transactions should be the catalyst for investors to revisit the strong investment case and we maintain our Buy recommendation and 225p NAV-based price target

Great news, excellent post GF.

Music to our ears. Roll on 2.25...

Rising nicely again today: NOP Bid: 148p Offer: 152p Change: 3.5 997K traded

RNS says Barclays is adding. Now owns:

Number of voting rights
4,232,204

% of voting rights
6.03

Northern Petroleum Ottoland Oil Drilling Successful


Embargoed for release: 0700 on 20 June 2007 Northern Petroleum Plc ("Northern" or "the Company") Ottoland oil drilling successful Northern is pleased to announce and that the Ottoland-1ST2 has successfully
completed drilling operations. The well encountered 210 metres of Upper Bunter
reservoir sandstone above the oil water contact in a near horizontal well
section of 405 metres. This compares with the Ottoland-1 well drilled in 1987
which tested oil at a rate of 211 bopd over an interval of only 14 metres of
Upper Bunter sandstone in a near vertical well.
Initial interpretations lead to an expectation of an increase in the
hydrocarbon volumes in this part of the field.
The well is now being prepared for the running in hole of a slotted production
liner following which the rig will be moved off site and the flow rate testing
operations undertaken in the near future.
Derek Musgrove, Northern's Managing Director, stated:"This was both a successful and challenging drilling operation. Though initial
projections of increases to reserves should be treated with caution at this
stage it is a great result for the patient shareholders and the Northern team
alike."The well reached a Total Measured Depth of 2993 metres (2176 metres True
Vertical Depth) with an offset of 1300 metres from the surface location in a
south-easterly direction. Drilling operations progressed successfully through
horizontal to an angle of 97 degrees.
Northern Petroleum Nederland B.V. ("NPN") currently holds an 85% interest in
the Ottoland field, the other partner in the license is Dyas B.V., a 100%
subsidiary of the privately owned SHV Holdings NV. The NPN interest will reduce
to 45% if the Minister of Economic Affairs designates Energie Beheer Nederland
B.V. ("EBN"), a State owned company, as a 40% participant in the field in
return for a pro-rata share of sunk costs and a pro-rata share of all future
costs of the joint ventures.
In accordance with the AIM Rules - Guidance for Mining and Oil & Gas Companies,
the information contained in this announcement has been reviewed and signed off
by the Exploration and Technical Director of Northern, Mr Graham Heard CGeol
FGS, who has over 30 years experience as a petroleum geologist.
For further information please contact:Northern Petroleum Plc Tel: +44 (0) 20 7743 6080Derek Musgrove, Managing DirectorChris Foss, Finance DirectorGraham Heard, Exploration and Technical DirectorInvestec Tel: +44 (0) 20 7597 5000Paul Brett / Patrick RobbPanmure Gordon & Co Tel: +44 (0) 20 7459 3600Katherine Roe / Ashton ClanfieldBishopsgate Communications Limited Tel: +44 (0) 20 7562 3350Nick Rome / Maxine BarnesNotes to Editors:Northern Petroleum PlcNorthern Petroleum Plc is an AIM listed oil and gas production, development and
exploration company with core interests under its management in The
Netherlands, Italy and the United Kingdom.

Great news this should see us start to move up to where we should rightfully be 2.50 3.00. IMHO 8-)

FANTASTIC NEWS, NOW WE CAN SEE SOME MOMENTUM UPWARDS. I agree, sights firmly set on 2.50 - 3.00 and beyond!

Just happy for the SP to be going in the same direction as the name - Northern!!!

Another jump forward, anyone have any more news? 2 here we come...

HAPPY DAYS ARE HERE AGAIN W H O O P E E !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

3.00 HERE WE COME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Can any chartists out there advise if this Is the rise following a head and shoulders?

Hasn't completed ... 120p target.

But what do I know.

Anyone still watching this and maybe holding?
Not one I have followed but recent statement looks to be positive:
"HIGHLIGHTS

* Further 33.56 million barrels at Rovesti now added to the previous 19.67
million barrels of Probable Oil Reserves in Adriatic Sea licences

* Six drilling prospects with total potential of 1.26 to 6.00 billion barrels
of oil in place

* Total of US $418 million value attributed to Northern's 68.53% net
beneficial position in the Adriatic Sea Probable Reserves at $70 per barrel
Brent crude oil pricing

* Ongoing geological and geophysical works using the substantial existing
database are expected to yield up a considerable number of further sizeable
drilling prospects in the region."

A famous tipster (I won't give his name as it would be unfair to his website) has just tipped this stock to do very well this year, I hope he's right as it does look to have a lot of as yet unfulfilled potential, and I'm in.

Either the market re-rates or a bid

When Tom originally tipped this share on New Year's Day the share price stood at 132.5p. The share currently stands at 143p - a gain of over 7% already...

Northern Petroleum* (NOP). As a non-treehugger I think oil has a bright future. The supply demand balance remains tight and the risks remain to supply not demand. This has been a central thesis of this site for some years. And, as such, we always maintain that you should own some oil shares. The shares (tipped here first at 13.25p) now trade at 143.5p.

As a liquid stock they have been hit by a malaise in small cap stocks (panickers find this an easy chip to cash in). The market cap is now 101.5 million. The company has c25 million of cash and equivalents and will - this year - be profitable. The value of its assets in Holland and Italy are largely benchmarked by corporate deals and the market value of ATI Oil at a minimum of c130 million.

My own view is that those assets plus a few in the UK which I keep urging the company to sell are worth (with the cash) at least 270p a share but I am pretty sure that if a bidder offered Northern's ever diplomatic boss Derek Musgrove such a price he'd tell them to bugger off. Actually, I doubt he would be that polite.

Either the market re-rates Northern or there will be a bid. That is my candid assessment. I cannot see the downside, you need oil exposure and a treble your money bid is not totally out of the question.

Tom (his own words) certainly rates this stock, the only problem for me at the moment is that they are not producing (pumping oil and gas) very much at the moment, if one or two wells could be sunk very quickly I think the market will react positively.

Sinking wells isn't the issue IMHO - far too much work is needed before then and also the arrangements for transporting the crude - and being paid for it.

Nop is steady as she goes and I feel sure we'll see some oil soon enough. The sp appears to be recovering so maybe sooner?

Whilst NOP appears to be well-organised there is some of the sp related to Oil-price - and something for R -recession in the West. Europe is really NOP's customer and if World Oil drops in price, so will NOP's profits. Admitedly they could do with pumping sooner, rather than later, but with the way Oil is moving - keeping it in the ground is a possible Good Option; although not one that would be popular at the Stock Exchange.

UKplc sold its North-Sea oil "too soon" IMHO; to balance the corporate books and make the Government good taxes. . . . I have a small NOP-holding.