Proactive Investors
14 January 2010
Northern Petroleum starts 3D acquisition over four West Sicily oil licenses
Full article
Proactive Investors
11 January 2010
Northern Petroleum completes drilling at Tiendeveen gas well, Netherlands
Full article
Proactive Investors
7 January 2010
Northern Petroleum brings Geesbrug gas field on stream to add 307 bcf to production
Full article
Fox-Davies Capital Newsflash including San Leon Energy, Premier Oil, Northern Petroleum and Obtala Resources
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Your Oil & Gas News
3 August 2009
Northern expands Italian Thrust Belt licence area by 897 km²
Full article
T1ps.com (Subscribed)
1 August 2009
Northern Petroleum - New Italian Permits
Northern Petroleum (NOP) has announced that it is to add to what is the largest licensed exploration acreage in Italy – with the preliminary award of two new offshore permits, covering a total of 897 km². The awards are adjacent to the company’s existing six permits offshore Sicily, where it is working with Shell, and to another Northern preliminary award and will add to the offshore Italian acreage which offers “some of the greatest medium and long term growth potential for the Company”.
MD Derek Musgrove also noted “we have already mapped several prospects of a billion barrels plus” and this sort of potential offered by the Italian acreage together with the company’s developments in the Netherlands and significant balance sheet backing remain far from discounted in the share price. At 124.5p, these shares have the potential to more than treble. The stance remains "buy".
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