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Press cuttings archive, 2005

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Press & Journal
30 December 2005

"...The deal commits Northern to developing five NAM discoveries alongside its own Papekop project..."

 

Irish Times
30 December 2005

"...Northern Petroleum rose 18.4% to 51½p as it exercised an option held by its Dutch subsidiary to develop three sites in the Netherlands..."

 

Daily Express
30 December 2005

"...Northern Petroleum flowed 8p north to 51½p after its Dutch subsidiary exercised exploration rights over three oil and gas wells in the Netherlands..."

 

Daily Mail
30 December 2005

"...Northern Petroleum gushed 9p to 52½p after exercising an option held by its Dutch subsidiary to develop three sites in the North Sea..."

 

Daily Telegraph
30 December 2005

"...Northern Petroleum ... rallied 8 to 51½p after it said it was to develop three wells through its Dutch subsidiary..."

 

Financial Times
30 December 2005

"...Northern Petroleum rose 18.4% to 51½p as it exercised an option held by its Dutch subsidiary to develop three sites in the Netherlands..."

 

The Sun
30 December 2005

"...Northern Petroleum surged 8p to 51½p as it signed deals to explore in the Netherlands..."

 

Evening Standard
29 December 2005

"...Northern Petroleum rose 5p to 48½p after exercising three options to develop oil and gas discoveries in Holland..."

 

The Times
29 December 2005

"...Northern's strategy is to generate cash from its Dutch assets as a precursor to developing its licences in Italy..."

 

Daily Mail
10 December 2005

"...Northern Petroleum gained 1½p to 44p on Investec's appointment as nominated adviser and broker..."

 

Moneywise
1 December 2005

"...The market has reacted favourably to good news recently published by the company..."

 

Shares
17 November 2005

"...Northern Petroleum is looking to bounce back from recent disappointments ... by snapping up the Papekop license in Holland..."

 

Daily Telegraph
17 November 2005

"...Brian Hepp has been appointed the role of director of group operations at Northern Petroleum. He has over 23 years' international experience in design, field operations and petroleum field management with Fluor, BP, Talisman and Bitech Petroleum..."

 

Money Week
4 November 2005

The share tipsters at a glance

 

Financial Times
3 November 2005

"...Northern Petroleum gained 9.9% to 50p as the oil explorer revealed that the Mining Council of the Netherlands had recommended its Dutch arm for the licence to develop the Papekop oil and gas field..."

 

Independent
3 November 2005

"...Northern Petroleum put its recent disappointment in the Isle of Wight behind it yesterday..."

 

Guardian
3 November 2005

"...There was also some action in Northern Petroleum, which gained 4.5p to finish at 50p on news that a licence it has been chasing in the Netherlands could soon be issued..."

 

Daily Express
2 November 2005

Market Report

"...Hopes for a positive drilling update fuelled a 3p rise in Northern Petroleum..."

 

The Times
1 November 2005

"...Northern Petroleum put on 1p at 42½p on speculation of imminent progress on its Dutch joint venture with Shell and ExxonMobil."

 

Sunday Telegraph
30 October 2005

"...we believe the sell-off is a buying opportunity. Northern is about to announce the appointment of an experienced former BP executive to take charge of its Dutch operations..."

Daily Telegraph
22 October 2005

"...Their outstanding return of 65pc for the year to the end of September is largely due to two stocks: Stanleco...and petrol company Northern Petroleum..."

Investors Chronicle
14 October 2005

 

Southern Daily Echo
11 October 2005

The hunt for oil is not over yet

"...Oil prospectors have still not ruled out drilling for black gold in Hampshire even though they have called off operations at two other locations in the South..."

Daily Express
8 October 2005

"...Northern remains optimistic about prospects on the mainland. Drilling begins next year in the Weald basin on the Hampshire-Sussex border..."

 

Daily Mail
8 October 2005

 

Daily Telegraph
8 October 2005

 

Financial Times
8 October 2005

 

The Guardian
8 October 2005

 

Independent
8 October 2005

 

Daily Star
8 October 2005

Daily Mail
4 October 2005

Market Report

"...There is interest in Northern Petroleum, up 2p to 61½p..."

 

Press & Journal (Aberdeen)
22 September 2005

Drilling starts

"...Northern Petroleum said yesterday it had started drilling the Bouldnor Copse-1 well on the Isle of Wight, where it is targeting an oil prospect independently evaluated at up to 300 million barrels..."

 

Western Daily Press
20 September 2005

Drilling at second site

"...Shares in [Oil Quest Resources Plc] rose 11.5% or 1.5p to 14.5p after its partner, Northern Petroleum, began work at the Bouldnor Copse-1 well on the island..."

 

Financial Times
20 September 2005

"...Shares in Northern Petroleum gained 5.8% to 60p as it announced drilling at a well on the Isle of Wight. The company said it was exploring an oil prospect evaluated at up to 300m barrels..."

 

Isle of Wight County Press
19 September 2005

Microbes munch oilmen's millions

"...They expressed surprise and disappointment the oil had degraded so badly it would not be economic to bring it to the surface. But as the rig moves over to drill another trial borehole in Forestry Commission land at Bouldnor Copse 1, there was cautious optimism for that site..."

 

Shares
15 September 2005

"...Northern Petroleum put the best gloss it could on the situation, saying that the presence of oil in the area was encouraging for the Bouldnor Copse-1 well it will be drilling nearby..."

 

Southern Daily Echo
10 September 2005

"...The company's exploration manager, Graham Heard, said that with oil reserves depleting ... it is important to extract the oil from smaller fields as well as larger ones..."

 

Western Daily Press
10 Sepember 2005

 

Daily Telegraph
10 September 2005

 

Independent
10 September 2005

 

Daily Mail
10 September 2005

Market Report

 

Daily Express
10 September 2005

Market Report

 

Daily Mail
3 September 2005

Investment extra

 

Daily Mail
29 August 2005

"...Northern Petroleum this month restructured its capital, offering one share for each five previously held..."

 

Daily Mail
27 August 2005

Investment extra

"...They included some stonking rises - the best being Isle of Wight oil hopeful Northern Petroleum..."

 

Press & Journal (Aberdeen)
26 August 2005

Finance promotion

"...Northern Petroleum ... has appointed Chris Foss as Finance Director..."

 

Upstream
26 August 2005

Northern keeps trying at Sandhills

 

Investors Chronicle
26 August 2005

 

Financial Times
26 August 2005

Northern jumps for Dutch booty

"...Northern Petroleum has opted to develop two onshore discoveries in the Netherlands as part of its recent deal with Nederlandse Aardolie Maatschappij (NAM)..."

 

Financial Times
26 August 2005

"Chris Foss moves up from the role of financial controller and company secretary at Northern Petroleum to become its full-time finance director..."

 

Daily Mail
24 August 2005

 

Press & Journal (Aberdeen)
23 August 2005

"...Meanwhile, UK-based oil and gas explorer Northern Petroleum said its Sandhills-2 appraisal well on the Isle of Wight had found oil shows over a 62ft interval..."

 

Financial Times
23 August 2005

 

Upstream
19 August 2005

Northern jumps for Dutch booty

 

Shares
18 August 2005

52-week highs: biggest risers

 

The News (Portsmouth)
16 August 2005

Explorers bid to dig deep for black gold

"...it is believed that potentially there are 10 to 50 million barrels of recoverable oil at this particular site..."

Press & Journal (Aberdeen)
13 August 2005

Dutch sector deal

"Northern Petroleum has exercised an option to acquire undeveloped oil and gas discoveries in the Dutch oil and gas sector..."

 

The Times
12 August 2005

Rumour of the day

"...Northern Petroleum eased 2p to 91.5p, despite word it is to develop two discoveries in the Netherlands as a joint venture with Shell and ExxonMobil..."

 

Money Week
12 August 2005

Portfolio round-up

 

Shares
4 August 2005

Explorers roll out the barrels

"...The start of drilling on the Sandhills-2 well on the Isle of Wight ... may also have had something to do with the share price spurt..."

 

Southern Daily Echo
2 August 2005

Oil search on island

"...Northern Petroleum's rigs at the Sandhills-2 site on the Island, two miles from the coast between Yarmouth and Newport, began work yesterday..."

 

Daily Express
2 August 2005

"...The search for "black gold" on the Isle of Wight got underway yesterday, though oil company Northern Petroleum promised that holidaymakers would hardly notice..."

 

Press and Journal (Aberdeen)
1 August 2005

Drill-fest? Not quite

"...British Drilling and Freezing is preparing a land rig to drill on the Isle of Wight for Northern Petroleum.

 

Sunday Telegraph
31 July 2005

Gushers ahoy at Isle of Wight

"...Northern Petroleum...will today start to drill its first well on the Sandills licence area..."

 

Daily Express
26 July 2005

Market Report

"...Northern Petroleum flowed 1.87p north to 14.87p on the back of a positive drilling update on the Isle of Wight..."

 

Lloyd's List
19 July 2005

Northern Petroleum goes Dutch with a potential winning tie-up

"...In the Netherlands, Northern believes it has a potential winner, with relatively benign government conditions for progress..."

 

Daily Express
5 July 2005

Market Report

"...Northern Petroleum was up 1p to 13p on the back of licence deals for its joint Italian venture..."

 

Investors Chronicle
1 July 2005

"...After delays to the Isle of Wight drilling schedule, things are now beginning to move..."

 

Daily Mail
24 June 2005

Market report

"...Northern Petroleum edged up 0.125p to 15p following results and upbeat remarks about prospects. Chairman Richard Latham anticipates good news from imminent drilling of two wells in the Isle of Wight, as well as development programmes for production in the Netherlands. Dealers say the stock is undervalued since net asset value is 25p a share ..."

 

Shares
24 June 2005

"...News that a rig has arrived at Northern Petroleum's Sandhills-2 helped shares make consecutive gains last week..."

 

Daily Mail
15 June 2005

Market report

"...Northern Petroleum's tie-up with Shell and ExxonMobil in Holland looks to be worth a second look..."

 

Daily Express
15 June 2005

Market report

"...Northern Petroleum flowed 1.13p to 11½p as the market warmed to an exploration deal with a joint-venture subsidiary of Shell and ExxonMobil..."

 

Independent
15 June 2005

Market report

"...Northern Petroleum added 1.13p to 11.50p after acquiring eight oil discoveries in the Netherlands..."

 

Daily Mail
28 May 2005

Drilling hopes

"Northern Petroleum (up 0.87p to 9.5p) hopes to begin drilling its Sandhills oil prospect on the Isle of Wight by the end of June..."

 

Daily Express
28 May 2005

Market Report

"...Imperial Energy and Northern Petroleum flowed 20p and 0.88p respectively after being named among Panmure Gordon's favoured Aim-listed oil and gas stocks..."

 

The Independent
28 May 2005

"...Northern Petroleum...says drilling will soon be underway at its Sandhills-2 site..."

 

Shares
12 May 2005

All the fun of the fair

"Perhaps more significant is news from UK minnow Northern Petroleum. It has had its Isle of Wight and south of England assets independently valued recently by valuers ECL and the subsequent study found proven and probable reserves that equate to 10.24 million barrels of oil equivalent, worth roughly £51.6 million. That's almost twice as much as the company's market valuation of £27 million, suggesting potential share price upside from here. The stock currently trades at 10.12p."

 

The Sun
5 May 2005

Market Report

"Oil explorer NORTHERN PETROLEUM added 0.87p to 10.375 as its UK assets alone were valued at 19p a share. It also has interests in Spain, Italy and Guyana."

 

Financial Times
5 May 2005

Small-caps: Northern Petroleum's assets prove attractive

"Northern Petroleum rose 9.2% to 10 3/8p yesterday after an independent evaluation of its southern UK onshore assets showed proven and probable reserves of 10.24 million barrels of oil equivalent..."

 

Financial Times
5 May 2005

Northern to drill in Isle of Wight

"Northern Petroleum is to start drilling for oil in the Isle of Wight following a report that values proven and probable reserves on the island at £51.6m..."

 

Evening Standard
5 May 2005

Market Report

 

Daily Mail
4 May 2005

Market Report

"...Northern Petroleum...should gush today following publication of an independent valuation of its South of England prospects..."

 

Shares
14 April 2005

Prices rising at the pumps

"...Hereward Ventures and Northern Petroleum, the oil and gas independent, have suffered rig delays, which promise to put a small spanner in the Sandhills-2 works, but the delay is not expected to be prolonged and share prices of both Hereward and Northern, at 4.62p and 10.12p respectively, remain fairly steady."

 

Western Daily Press (Bristol)
8 April 2005

Hereward hit by oil delays

 

The News (Portsmouth)
30 March 2005

Oil giant's scheme thwarted

 

Shares
24 March 2005

Over to you...

 

Southern Daily Echo (Southampton)
19 March 2005

Firm not admitting defeat in planning battle
Sitting on £3.4 billion oil reserve

 

Southern Daily Echo (Southampton)
18 March 2005

No to oil drill plans

 

Southern Daily Echo (Southampton)
17 March 2005

Oil drilling "not in best interests"

 

The News (Portsmouth)
17 March 2005

Oil-drilling plans may be stopped before they start

 

Shares
17 March 2005

Better late than never for Northern on the Isle of Wight

 

Southern Daily Echo (Southampton)
15 March 2005

Oil drill plans tap a well of opposition

 

Southern Daily Echo (Southampton)
14 March 2005

Residents unite against oil drilling

 

Southern Daily Echo (Southampton)
11 March 2005

"Go on, do the right thing, Ken"

 

Southern Daily Echo (Southampton)
7 March 2005

Oil drilling objections "crash" computer

 

Southern Daily Echo (Southampton)
23 February 2005

Will it be black or fool's gold?

"... Northern Petroleum has applied to Hampshire County Council for an exploratory oil drill to see if black gold discovered two decades ago can be recovered from beneath Hedge End...

...Nothern Petroleum managing director Derek Musgrove told the Daily Echo that if the plans go ahead it will have a minimal effect on the community. "We will arrange a meeting with local residents soon to show them what is planned and to clear up any misleading arguments", he said. "We can't do this project without any impact at all, but we believe it will be very minimal..."

 

Press & Journal (Aberdeen)
23 February 2005

Drilling deal

Northern Petroleum has agreed a contract with British Drilling and Freezing for deployment of a rig to drill two wells on the Isle of Wight, with an option for a third well. Drilling will begin with the Sandhills-2 appraisal well, followed by the Bouldnor Copse-1 exploration well.

 

Shares
10 February 2005

OPEC scrubs price band as high prices are here to stay

"...shares in Northern Petroleum were sent skipping higher as investors eyed the firm's exciting UK potential. Northern has submitted an application to Hampshire District Council to start drilling at the Hedge End-2 well in which Northern owns a 50% stake and is also operator. The shares jumped from 9.88p to 11p on the announcement..."

 

Money Week
4 February 2005

Make an "absolute killing" with penny shares

"...picking penny stocks should be just like investing in a bigger company. You make a serious appraisal of management experience, product, positioning, market, assets, cash and cash flow. With that in mind, Shares picked ten of its favourite penny shares...

...Other penny stocks featured include... oil and gas explorer Northern Petroleum..."

 

Daily Express
3 February 2005

Market Report

"...Northern Petroleum was up 1.13p to 11p after it moved ahead with plans to drill for oil in Hampshire..."

 

Growth Company Investor
February 2005

Spotlight on AIM 2005

 

Shares
27 January 2005

"...[Northern Petroleum] does have some interesting exploration prospects on the Isle of Wight and in Italy and Spain. In the Isle of Wight it has two drilling programmes, with a potential of 135 million barrels of recoverable oil net...
...It also has a 38% stake in Ofex listed ATI, which is fast-tracking the exploration-to-production process in seven Po Valley gas prospects and leads in Italy, estimated in total at over 500 billion cubic feet of gas potential to the point of drilling..."

 

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

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