|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
||||||||||
|
Web archive, 2004 |
|||||||||
|
|
t1ps.com, 14 December 2004Buy Northern Petroleum at 10.75p for a trading profit...For long term investors on t1ps.com the stance is now "hold", I am not urging them to buy more. But for short term traders looking for a Christmas punt, Northern is ideal... ...So why a trading buy? Quite simply, because the next two months will be terribly exciting. In Italy, AIM listed Grove is currently drilling a well bang next door to one of ATI's lead prospects. If that well comes good, ATI will be re-rated and that alters the Northern sum-of-the-parts valuation significantly. And in the UK as drilling starts on the IoW there is the potential for a huge re-rating. Let us assume that the IoW reserves are even 1 fifth the size that Northern suggests. But if they become proven reserves then, as the risk weighting is slashed, their value to Northern races ahead from 13.5 million pounds to perhaps 40.5 million pounds. That is the potential...
Oil Barrel, 9 December 2004New OFEX Company ATI Oil Eyes Neglected Italian Oil And Gas Riches ATI Oil, which was spun out of AIM-quoted Northern Petroleum and offers investors exposure to Italy’s oil and gas sector, has joined London’s OFEX market buoyed by the proceeds of a private placing. The £500,000 fundraising, completed prior to the float, will be used to fund the start-up’s costs over the next 18 months.
Oil Barrel, 12 November 2004Northern Petroleum Reorganises Its Italian Portfolio As ATI Oil Eyes OFEX Debut London-listed Northern Petroleum has announced a restructuring of its Italian holdings, with the company exchanging a 20 per cent stake in its oil and gas properties there in return for a near-40 per cent stake in ATI Oil, which plans to list on the OFEX facility.
Oil Barrel, 28 October 2004Northern Petroleum Gets The Go-Head For Two-Well Programme On The Isle Of Wight There was good news for Northern Petroleum yesterday when local planning authorities granted the London-quoted oil firm permission to drill the Bouldnor Copse-1 exploration well on the Isle of Wight off the southern coast of England. The approval means the company will be able to drill Bouldnor Copse-1 on the heels of its Sandhills-2 appraisal well, also on the Isle of Wight, which will be Northern’s first operated well in the UK.
Oil Barrel, 28 October 2004Northern, Hereward And Black Rock Celebrate Greenlight For Sandhills-2 Northern Petroleum has finally received the greenlight from the planning authorities on the Isle of Wight off the coast of southern England to proceed with its Sandhills-2 appraisal well. The well is a follow up to the 1982 Sandhills-1 well drilled by BG, which found oil in the Greater Oolite reservoir formation. BG didn’t test the well, however, because at that time the Oolite was not considered to be a viable reservoir in the area. Northern has developed a new interpretation of the Oolite, which has been verified by consultants.
Oil Barrel, 2 September 2004Northern Petroleum Joins Hardman And Wessex In Elephant-Hunt Off The Coast Of GuyaneNorthern Petroleum has picked up a 1.25 per cent stake in the Hardman Resources-operated permit that covers 65,000 sq km of acreage off the coast of Guyane, a frontier exploration province thought to be home to billion barrel prospects.
|
|
|
|
|
Operations - Health, Safety & Environment - Information - News - Research - Contact - Home |
||
|
|
|
|
|
|
16 April 2004