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Press cuttings archive, 2006

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Investors Chronicle
17 November 2006

...shares in Northern Petroleum fell 20.5p to 101p after a well in Holland came in dry...

 

Independent
14 November 2006

...However, some traders believe that the well in question...was not core to the group's valuation. The company said that there are no implications resulting from the abandonment...

 

Financial Times
14 November 2006

...Northern Petroleum lost 16.9 per cent as its onshore Netherlands exploration well...was plugged and abandoned...

 

Daily Express
14 November 2006

...Northern Petroleum reversed 20½p to 101p after it abandoned a well it had been drilling in the Netherlands...

 

Shares
26 October 2006

...[Northern Petroleum] has confirmed that it will start drilling on a "good size gas target" in the Steenwijk-1 well in which it will earn a 50% stake...

 

Daily Telegraph
21 October 2006

...Northern Petroleum will begin drilling its first exploration well in the Netherlands this month...

 

Daily Express
21 October 2006

...Northern Petroleum closed flat at 124p after a positive easrly spurt as it began drilling at its potentially lucrative Netherlands gas prospect...

 

Investors Chronicle
20 October 2006

...Northern Petroleum's share price stormed ahead early in 2006, and it may be set to rise again thanks to a change of strategy...

 

Daily Mail
20 October 2006

...Northern Petroleum spurted 10½p to 124p on talk of an imminent report on its joint venture gas interests in Holland...

 

Shares
31 August 2006

...Northern Petroleum has been given a big boost by a broker report indicating the value of its net assets is at least double that of the share price...

 

Press & Journal
24 August 2006

...Northern Petroleum and ATI Oil have concluded a farm-out agreement with Stratic Energy, of Canada, covering the Longastrino and Savio licences in the Po Casin in Italy...

Daily Express
23 August 2006

...Northern Petroleum powered 4½p ahead to 131p as dealers cited the exciting potential of its prospects in the Netherlands...

 

Daily Mail
23 August 2006

...Northern Petroleum gushed 4½p to 131p as shop broker Investec sang its praises...

 

Financial Times
22 August 2006

...Anthony Brewer is to fill the gap on Northern Petroleum's board following the death earlier this year of David Roberts...

 

Lloyd's List
28 July 2006

...Shareholders in London-listed oil company Northern Petroleum have been warned to look out for cold-call fraudsters...
...This appears to be just the tip of the iceberg when it comes to telephone fraud as shareholders of other companies have been targeted, but Northern Petroleum is first to go public with a warning...

 

Shares
27 July 2006

Northern Petroleum investors targeted by boiler room
Investors in AIM company Northern Petroleum are being warned they may be targeted by a Japanese boiler room. Scamsters are ringing up NOP's shareholders saying that one of the company's directors needs to sell his shares at half price...
..."The company wishes to make it clear that such representations are false", says Finance Director Chris Foss. "Neither the company, its directors or staff have appointed, or would appoint, a non-FSA registered company in relation to such a matter"...

 

Shares
13 July 2006

...also very encouraging is Northern Petroleum's latest announcement. The oil exploration minnow now thinks its Dutch licences could produce results sooner than expected...

 

The Times
10 July 2006

...Northern Petroleum has been granted new exploration licences off the Dutch coast by the Netherlands' Ministry of Economic Affairs...

 

Daily Mail
10 July 2006

...Northern Petroleum shares may receive a fillip today. It is planning to announce that it hopes to speed up Dutch oil production...

 

Shares
22 June 2006

...Northern Petroleum reported results and the market punished shares on news of increased losses. As I write the price is back down, amazingly in my view, to 125p. I couldn't resist increasing my position here to £100 a point. The chairman's statement reminded me of how much potential this company has, much of it ready to be realised in the near term...

 

Independent
17 June 2006

...This week, [Northern] published the results of an independent report that said the company's reserves in the Weald Basin, Hampshire, were more than expected...

 

Press & Journal
13 June 2006

...Meanwhile, oil and gas operator Northern Petroleum said an independent assessment of some of its Weald Basin reserves in the south of England had upgraded figures to 1.58 million barrels of oil proved and 4.51 million barrels proved plus probable...

 

Independent
13 June 2006

...Yesterday, [Northern] published the results of an independent report which said that the company's reserves in the Weald Basin, Hampshire, were worth more than previously expected...

 

Evening Standard
12 June 2006

...Northern Petroleum said a re-examination of its oil reserves in the Weald Basin ... means it has 25% more drillable assets than had been thought...

 

Mail on Sunday
11 June 2006

...Now, Northern is poised to unveil the results of a re-evaluation of its exploration territory in the Weald Basin in West Sussex...

 

Press & Journal
10 June 2006

...Oil and gas operator Northern Petroleum said yesterday its wholly owned subsidiary, NP Netherlands, had been awarded a 25-year production licence for the Papekop field...

 

Daily Telegraph
10 June 2006

...Northern Petroleum, a UK oil and gas company, received a licence to develop the Papekop oil field in the Netherlands...

...AIM-listed Northern Petroleum rose 18 to 134½p...

 

Independent
10 June 2006

...there was good news for Northern Petroleum as the company was awarded a 25-year licence for the Papekop field in the Netherlands...

 

The Times
10 June 2006

...Northern Petroleum rose 18p to 134½p on the delayed award of a production licence for the Papekop field...

 

Daily Mail
9 June 2006

...the future looks bright. Word is that [Northern Petroleum] will soon be awarded a big licence in Holland...

 

Shares
8 June 2006

...Northern Petroleum has yet to show a profit. The price has not moved up decisively but I can't resist staying in until results day in a week or so...

 

City AM
23 May 2006

 

Evening Standard
26 May 2006

...[Northern Patroleum], which is listed on the Alternative Investment Market and focuses on the European Union and nearby areas, raised £20 million in a share placing earlier this month...

 

Money Week
19 May 2006

...Top of the list was Northern Petroleum, tipped at 59p, now at 135p...

 

Press & Journal
17 May 2006

...Northern Petroleum said yesterday it had raised £19 million after expenses in a conditional placing of more than 15 million new shares at 130p per share. Proceeds will be used to fund development and exploration projects in the Netherlands, and to fund further development of Northern's Italian, UK and other ventures...

 

Times
17 May 2006

...Northern Petroleum, which is listed on London's junior AIM, has raised £20m through a placement to fund further exploration work in the Netherlands...

 

Daily Telegraph
6 May 2006

...Northern Petroleum is currently trading at 158.25p, and the [investment] club is thrilled that one analyst recently predicted the share price would climb to as much as 360p...

 

Investors Chronicle
13 April 2006

...With Northern Petroleum, the company felt that it could successfully project-manage the construction itself, without having to incur the extra cost implicit in sourcing a completion guarantee, and Standard Bank agreed...

 

Shares
30 March 2006

...The price was stagnant for a while but then began to rise all the way into the 90s. Then - bingo! - it shot up this week on the back of euphoric news: potential oil fields were much, much larger than had been hoped for...

 

Shares
30 March 2006 (2)

...Northern Petroleum set new highs this week thanks to the revaluation of its reserves in Holland...

The Sun
30 March 2006

...Northern Petroleum, a big favourite among Sun City readers, rose 10p to 140p. Informed sources say an announcement is imminent...

 

Independent
27 March 2006

...Northern is in the process of developing the five onshore fields and enjoys a partnership agreement with a company owned by Shell and Exxon Mobile. Once the fields are in production, Northern will get half of the profits and all of the costs back...

 

Mail on Sunday
26 March 2006

...But the real star is Northern Petroleum. We tipped the shares at 58½p and they have climbed steadily since...

 

Financial Times
25 March 2006

...Shares in Northern Petroleum hit an eight-year high, rising nearly 50%, after the oil and gas exploration company upgraded its reserve estimates for five fields in the Netherlands...

 

Guardian
25 March 2006

...Northern Petroleum was the standout feature in the small cap arena. Its shares surged 46p, or 49%, to 141p on news that its prospects in the Netherlands might contain 40% more oil and 300% more gas than previously estimated...

 

Times
25 March 2006

...Northern Petroleum jumped 46½p to 141p as an increase in stated reserves at five of its Dutch gas fields prompted Panmure Gordon to raise its price target from 145p to 360p...

 

Daily Express
25 March 2006

...Northern Petroleum surged 46½p to 141p as broker Panmure reckoned the company was vulnerable to a takeover because its shares were trading well below the value of its proven and probable reserves...

 

The Sun
25 March 2006

...Shares in Northern Petroleum, just 72.5p when mentioned here three weeks ago, shot up 46p to 141...

 

The Sportsman
25 March 2006

...Speculative oil explorer Northern Petroleum leapt 46½p to 141p after saying it had struck the black stuff in five fields in the Netherlands...

   

Press & Journal
25 March 2006

...Northern Petroleum surged 46½p to 141p after it reported a major upgrade in its reserves in five oil and gas fields in the Netherlands...

   

 

Money Week
24 March 2006

 

Evening Standard
24 March 2006

...Northern Petroleum, 41p higher at 135½p, was one of the most sought-after shares after it said proved and probable oil reserve estimates for five of its Dutch fields have been upgraded to 11.6 million barrels from eight million...

 

Times
24 March 2006

...Northern Petroleum put on 3p to 94½p on talk that it will announce a substantial upgrade of gas reserves at five of its fields in the Netherlands today after an independent study by RPS Energy...

 

Project Finance International
22 March 2006

...The facility will see the oil company receive up to €35m to fund the capital cost, including a contingency for cost overruns, of bringing its Dutch subsidiary NP Netherlands' six onshore oil and gas properties to production...

 

Money Week
17 March 2006

...Could this be the top of the range for the small oil firm? No, says Midas, in fact "there could be much further to go"...

 

Investors Chronicle
17 March 2006

...AIM-listed Northern Petroleum is worth a look. It boasts a 40 per cent stake in Ofex-listed ATI Oil, which recently saw its shares rise after winning six Italian licences...

 

Shares
16 March 2006

...Northern Petroleum stock was sent shooting 10% higher to 90p after news that drilling on the Avington-3 reached its target depth...

 

Times
14 March 2006

...Norther Petroleum...added 13p to 95p on talk that it has secured a five-year €40 million (£27.5 million) project finance facility from Standard Bank...

 

Daily Express
14 March 2006

...Speculation that oil majors were tapping into the lucrative potential of its Italian assets fuelled a 13p rise in Northern Petroleum to 95p...

 

 

Mail on Sunday
12 March 2006

...Shares in Northern Petroleum, tipped as part of Midas's New Year portfolio for courageous investors, have been marching ahead steadily...

 

Times
7 March 2006

...Investec also helped Northern Petroleum up 4p to 72½p with a debut 211p net asset value estimate...

 

Daily Mail
7 March 2006

...Northern Petroleum add 4p to 72½p after a bullish note from newly appointed broker Investec, which says stock is trading at a huge discount to its net asset value of 211p. Approval of six licences from the Dutch government should 'act as a positive share price catalyst', Investec argued...

 

The Sun
7 March 2006

...Northern Petroleum added 4 to 72.5 as Investec published its first note since becoming the company's broker in early December. Analyst Jonathan Copus said, "We view Northern as a materially undervalued stock."...

 

Upstream
24 February 2006

...Northern Petroleum has been awarded six licences in Italy's Sicily Channel, the southern Adriatic Sea and off Calabria, some of which hold existing oil and gas discoveries...

 

Independent
27 February 2006

...Although [Northern Petroleum] is loss-making at present, Panmure believes the oil explorer could be making a profit of more than £6m by the end of next year...

 

Daily Telegraph
18 February 2006

...Traders kept an eye on Northern Petroleum, the oil exploration group which has a 40% stake in Ofex-listed ATI Oil. ATI rose 4.75p to 24p after winning six new Italian licences...

 

Daily Mail
17 February 2006

...Northern Petroleum gushed 3½p to 68p following the award of six Italian licences. ATI Oil, in which Northern still holds a 38.7% stake, put on 2p to 19.25p in sympathy...

 

Investors Chronicle
6 February 2006

Gold Oil

...Gold has bought Northern Petroleum Exploration Ltd (NPEL) ... from Northern Petroleum...

 

Upstream
27 January 2006

...Italy's authorities have formally approved the award of an onshore licence to British junior Northern Petroleum and its local partner ATI Oil...

...Derek Musgrove ... said the companies had built up this asset base over three-and-a-half years and now have a valuable lead time over their competitors...

 

Money Week
6 January 2006

I share Midas's ... endorsement of the energy sector (Northern Petroleum)..."

 

Upstream
6 January 2006

Northern goes Dutch

"...Northern estimates the volumes of the identifiable oil and gas prospects within the Andel II part-area to be between 55 billion and 110 billion cubic feet of gas and 62 million and 148 million barrels of oil..."

 

Press & Journal
2 January 2006

"...Braver investors were advised to put more money into ... oil group Northern Petroleum..."

 

Birmingham Post
2 January 2006

"...For braver investors [The Mail on Sunday] suggests putting money into ... oil group Northern Petroleum..."

 

Mail on Sunday
1 January 2006

"...Northern has the firm prospect of an income stream from 2007 as it develops a cluster of onshore Dutch gasfields that will fuel power stations..."

     

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