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<description><![CDATA[09.05.12 :-2, (75) Goldman Sachs reiterates its "buy" rating and raised its price target to 220p from 201p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
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<title><![CDATA[RNS press release - New Corporate Presentation ]]></title>
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<pubDate>Fri, 20 Apr 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[News - Northern Petroleum & Wessex Exploration reveal Zaedyus follow up drilling plans ]]></title>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
<p> </p>]]></description>
<pubDate>Mon, 02 Apr 2012 07:33:00 +0100</pubDate>
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<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
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<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
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<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum sells interest in Dutch gas field for €3.2 million ]]></title>
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<description><![CDATA[<p>
<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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"title" => "News - Northern Petroleum awarded two blocks off the Isle of Wight",
"pubdate" => "2012-01-05 08:04:00",
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"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
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"title" => "News - Northern Petroleum moves towards bringing Ottoland on stream",
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"description" => "<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ",
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"title" => "News - Northern Petroleum sells interest in Dutch gas field for €3.2 million",
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
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<description><![CDATA[<p>City analysts took a close look at Northern Petroleum today after Total’s £71 million move for venture partner Wessex Exploration put the firm in play.</p>]]></description>
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<title><![CDATA[RNS press release - Notification of Shareholding ]]></title>
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<title><![CDATA[News - Northern Petroleum encouraged by Netherlands shale prospects ]]></title>
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<description><![CDATA[<p>Northern Petroleum said today it is looking for a material farm-out to move forward an exploation pregramme that includes its "very encouraging" Netherlands shale prospects and the Guyane offshore discovery.</p>]]></description>
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<pubDate>Wed, 01 Feb 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum awarded two blocks off the Isle of Wight ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37490/northern-petroleum-awarded-two-blocks-off-the-isle-of-wight-37490.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
<pubDate>Thu, 05 Jan 2012 08:04:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Northern Awarded UK Offshore Licence ]]></title>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
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<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum sells interest in Dutch gas field for €3.2 million ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36718/northern-petroleum-sells-interest-in-dutch-gas-field-for-32-million-36718.html</link>
<description><![CDATA[<p>
<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
<div><br /></div>
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<pubDate>Thu, 08 Dec 2011 07:37:00 +0000</pubDate>
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<pubDate>Thu, 08 Dec 2011 07:00:00 +0000</pubDate>
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<description><![CDATA[09.05.12 :-2, (75) Goldman Sachs reiterates its "buy" rating and raised its price target to 220p from 201p.]]></description>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120501nopp8f36/</link>
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<title><![CDATA[RNS press release - New Corporate Presentation ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120420nopp0867/</link>
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<title><![CDATA[News - Northern Petroleum & Wessex Exploration reveal Zaedyus follow up drilling plans ]]></title>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
<p> </p>]]></description>
<pubDate>Mon, 02 Apr 2012 07:33:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Guyane Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120402noppa68d/</link>
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<pubDate>Mon, 02 Apr 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[News - Northern Petroleum: City analysts eye takeover value following Total’s Wessex bid ]]></title>
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<description><![CDATA[<p>City analysts took a close look at Northern Petroleum today after Total’s £71 million move for venture partner Wessex Exploration put the firm in play.</p>]]></description>
<pubDate>Tue, 20 Mar 2012 12:40:00 +0000</pubDate>
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<pubDate>Fri, 16 Mar 2012 16:25:00 +0000</pubDate>
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<link>http://www.proactiveinvestors.co.uk/companies/rns/120305nopp4507/</link>
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<pubDate>Mon, 05 Mar 2012 17:56:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Directora??s Shareholding ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120302noppa53e/</link>
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<pubDate>Fri, 02 Mar 2012 16:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Additional Listing and Directorsa?? Shareholdings ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120301nopp42e5/</link>
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<pubDate>Thu, 01 Mar 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Notification of Shareholding ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120223nopp417e/</link>
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<pubDate>Thu, 23 Feb 2012 14:13:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum encouraged by Netherlands shale prospects ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39178/northern-petroleum-encouraged-by-netherlands-shale-prospects-39178.html</link>
<description><![CDATA[<p>Northern Petroleum said today it is looking for a material farm-out to move forward an exploation pregramme that includes its "very encouraging" Netherlands shale prospects and the Guyane offshore discovery.</p>]]></description>
<pubDate>Mon, 20 Feb 2012 09:05:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Update for Shareholders ]]></title>
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<pubDate>Mon, 20 Feb 2012 07:30:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
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<title><![CDATA[News - Northern Petroleum awarded two blocks off the Isle of Wight ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37490/northern-petroleum-awarded-two-blocks-off-the-isle-of-wight-37490.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
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<title><![CDATA[RNS press release - Northern Awarded UK Offshore Licence ]]></title>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37150/northern-petroleum-moves-towards-bringing-ottoland-on-stream-37150.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum sells interest in Dutch gas field for €3.2 million ]]></title>
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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<pubDate>Thu, 08 Dec 2011 07:37:00 +0000</pubDate>
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<pubDate>Thu, 08 Dec 2011 07:00:00 +0000</pubDate>
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"title" => "News - Northern Petroleum awarded two blocks off the Isle of Wight",
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"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
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<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
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"title" => "News - Northern Petroleum sells interest in Dutch gas field for €3.2 million",
"pubdate" => "2011-12-08 07:37:00",
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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<description><![CDATA[09.05.12 :-2, (75) Goldman Sachs reiterates its "buy" rating and raised its price target to 220p from 201p.]]></description>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
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<title><![CDATA[RNS press release - New Corporate Presentation ]]></title>
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<title><![CDATA[News - Northern Petroleum & Wessex Exploration reveal Zaedyus follow up drilling plans ]]></title>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
<p> </p>]]></description>
<pubDate>Mon, 02 Apr 2012 07:33:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Guyane Update ]]></title>
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<title><![CDATA[News - Northern Petroleum: City analysts eye takeover value following Total’s Wessex bid ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40490/northern-petroleum-city-analysts-eye-takeover-value-following-totals-wessex-bid-40490.html</link>
<description><![CDATA[<p>City analysts took a close look at Northern Petroleum today after Total’s £71 million move for venture partner Wessex Exploration put the firm in play.</p>]]></description>
<pubDate>Tue, 20 Mar 2012 12:40:00 +0000</pubDate>
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<pubDate>Fri, 16 Mar 2012 16:25:00 +0000</pubDate>
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<pubDate>Mon, 05 Mar 2012 17:56:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Directora??s Shareholding ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120302noppa53e/</link>
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<pubDate>Fri, 02 Mar 2012 16:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Additional Listing and Directorsa?? Shareholdings ]]></title>
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<pubDate>Thu, 01 Mar 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Notification of Shareholding ]]></title>
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<pubDate>Thu, 23 Feb 2012 14:13:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum encouraged by Netherlands shale prospects ]]></title>
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<description><![CDATA[<p>Northern Petroleum said today it is looking for a material farm-out to move forward an exploation pregramme that includes its "very encouraging" Netherlands shale prospects and the Guyane offshore discovery.</p>]]></description>
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<title><![CDATA[RNS press release - Update for Shareholders ]]></title>
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<pubDate>Mon, 20 Feb 2012 07:30:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Notification of re-organisation of Joint Broker ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120201nopp055d/</link>
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<pubDate>Wed, 01 Feb 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Price Monitoring Extension ]]></title>
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<pubDate>Tue, 10 Jan 2012 16:35:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum awarded two blocks off the Isle of Wight ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37490/northern-petroleum-awarded-two-blocks-off-the-isle-of-wight-37490.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
<pubDate>Thu, 05 Jan 2012 08:04:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Northern Awarded UK Offshore Licence ]]></title>
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<pubDate>Thu, 05 Jan 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37150/northern-petroleum-moves-towards-bringing-ottoland-on-stream-37150.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
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<title><![CDATA[News - Northern Petroleum sells interest in Dutch gas field for €3.2 million ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36718/northern-petroleum-sells-interest-in-dutch-gas-field-for-32-million-36718.html</link>
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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<pubDate>Thu, 08 Dec 2011 07:37:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Sale of Interest in Vinkega Gas Field ]]></title>
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<pubDate>Thu, 08 Dec 2011 07:00:00 +0000</pubDate>
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<description><![CDATA[09.05.12 :-2, (75) Goldman Sachs reiterates its "buy" rating and raised its price target to 220p from 201p.]]></description>
<pubDate>Wed, 09 May 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Total Voting Rights ]]></title>
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<title><![CDATA[RNS press release - New Corporate Presentation ]]></title>
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<pubDate>Fri, 20 Apr 2012 15:00:00 +0100</pubDate>
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<title><![CDATA[News - Northern Petroleum & Wessex Exploration reveal Zaedyus follow up drilling plans ]]></title>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
<p> </p>]]></description>
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<description><![CDATA[<p>City analysts took a close look at Northern Petroleum today after Total’s £71 million move for venture partner Wessex Exploration put the firm in play.</p>]]></description>
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<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
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<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
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<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
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<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
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<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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"title" => "News - Northern Petroleum awarded two blocks off the Isle of Wight",
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"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
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"title" => "News - Northern Petroleum moves towards bringing Ottoland on stream",
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"description" => "<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ",
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"title" => "News - Northern Petroleum sells interest in Dutch gas field for €3.2 million",
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<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
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<description><![CDATA[<p>This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.</p>
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<description><![CDATA[<p>Northern Petroleum said today it is looking for a material farm-out to move forward an exploation pregramme that includes its "very encouraging" Netherlands shale prospects and the Guyane offshore discovery.</p>]]></description>
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<title><![CDATA[News - Northern Petroleum awarded two blocks off the Isle of Wight ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37490/northern-petroleum-awarded-two-blocks-off-the-isle-of-wight-37490.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has been awarded two oil exploration blocks off the Isle of Wight in the latest licence round.</p>
<p>“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.</p>
<p>The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.</p>
<p>The other shareholders are Magellan Petroleum (22.5 per cent),<a href="http://www.proactiveinvestors.co.uk/companies/overview/543/Encore+Oil+Plc" class="companyPopupTrigger" rel="543">Encore Oil Plc</a> (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).</p>
<p>Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14. </p>
<p>“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.” </p>
<p>One of Northern’s offshore blocks butts up against two of the five licences acquired by <a href="http://www.proactiveinvestors.co.uk/companies/overview/9071/Wessex+Exploration" class="companyPopupTrigger" rel="9071">Wessex Exploration</a> and its partner Norwest Energy of Australia.</p>
<p>They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.</p> ]]></description>
<pubDate>Thu, 05 Jan 2012 08:04:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37490/northern-petroleum-awarded-two-blocks-off-the-isle-of-wight-37490.html</guid>
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<title><![CDATA[RNS press release - Northern Awarded UK Offshore Licence ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120105noppbaaa/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 05 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120105noppbaaa/</guid>
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<title><![CDATA[News - Northern Petroleum moves towards bringing Ottoland on stream ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37150/northern-petroleum-moves-towards-bringing-ottoland-on-stream-37150.html</link>
<description><![CDATA[<p><a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) has completed an extended well test at the Ottoland oil discovery offshore Netherlands, it announced today.<br /><br />Analysis of the test results, which included the use of a jet pump to assist oil flow, will allow the firm to predict oil and gas production rates.<br /><br />The firm said production facilities can then be designed to meet the potential for both oil and gas.<br /><br />Simultaneously, work will also be carried out on an oil marketing plan.<br /><br />Northern said today that it is currently projected that production could be achieved in 2012 or 2013, subject to required statutory approvals.<br /><br />Managing director Derek Musgrove said: "The long wait for permissions to conduct this test as we desired has been<br />rewarded. <br /><br />"Following the anticipated confirmation of commerciality, we look forward to bringing the field on stream as soon as possible to augment our existing production in The Netherlands."<br /><br />Earlier this month, the company announced it had sold its interest in the Vinkega gas field in the Netherlands for €3.2 million<br /><br />Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.<br /><br />“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” Musgrove had told investors.<br /><br />“Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone."</p> ]]></description>
<pubDate>Tue, 20 Dec 2011 07:44:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37150/northern-petroleum-moves-towards-bringing-ottoland-on-stream-37150.html</guid>
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<title><![CDATA[News - Northern Petroleum sells interest in Dutch gas field for €3.2 million ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36718/northern-petroleum-sells-interest-in-dutch-gas-field-for-32-million-36718.html</link>
<description><![CDATA[<p>
<p>Europe-focused oil and gas explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> (<a href="/companies/overview/1150/northern-petroleum-1150.html" class="companyPopupTrigger" rel="1150">LON:NOP</a>) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million</p>
<p>Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland holds a stake.</p>
<p>The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a> Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.</p>
<p>“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, <a href="http://www.proactiveinvestors.co.uk/companies/overview/1150/Northern+Petroleum" class="companyPopupTrigger" rel="1150">Northern Petroleum</a>’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”</p>
<div><br /></div>
</p> ]]></description>
<pubDate>Thu, 08 Dec 2011 07:37:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36718/northern-petroleum-sells-interest-in-dutch-gas-field-for-32-million-36718.html</guid>
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<item>
<title><![CDATA[RNS press release - Sale of Interest in Vinkega Gas Field ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111208nopp5f32/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 08 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111208nopp5f32/</guid>
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“Part blocks” 98/13 and 98/14 border the company’s existing onshore licences on the island itself.
The company’s subsidiary NP Solent will hold 62.5 per cent of the licences and is the operator.
The other shareholders are Magellan Petroleum (22.5 per cent),Encore Oil Plc (7.5 per cent), Montrose Industries (5 per cent) and Oil & Gas Investments (2.5 per cent).
Managing director Derek Musgrove said: "We are very pleased to have been offered part blocks 98/13 and 98/14.
“This allows the joint venture to evaluate the oil and gas potential of the mapped well defined prospect that extends from the Isle of Wight into the English Channel.”
One of Northern’s offshore blocks butts up against two of the five licences acquired by Wessex Exploration and its partner Norwest Energy of Australia.
They are building up acreage around Wytch Farm, Britain’s largest onshore oil discovery.
]]>Europe-focused oil and gas explorer Northern Petroleum (LON:NOP) announced this morning that it has sold its interest in the Vinkega gas field in the Netherlands for €3.2 million
Discovered after the Vinkega-1 well was drilled in late 2009, the Vinkega field has been mapped as underlying both part of the Gorredijk licence (owned by Vermilion Oil & Gas Netherlands) and part of the Drenthe III licence, in which Northern Petroleum Nederland holds a stake.
The firm said today that all of the Drenthe III licence holders have agreed to the sale of their respective Drenthe III interests in the Vinkega field to Vermilion, with Northern Petroleum Nederland’s share of the consideration being €3.2 million. 70 percent of the purchase price has already been paid on signing of the sale and purchase agreement, with the remaining 30 per cent being payable following completion.
“The sale will enable a smooth transition into production under Vermilion's team and make a useful financial contribution to our hopefully successful exploration activities on the Drenthe III licence in the near future,” said Derek Musgrove, Northern Petroleum’s managing director. “Northern considered that Vinkega was not a prospect of sufficient size and structural appeal to have attracted a wildcat well on the Drenthe III licence alone. On behalf of the Drenthe III licence interest holders I thank Vermilion and their partners for their work and efforts.”