Proactiveinvestors United Kingdom Northern Petroleum articles

Northern Petroleum & Wessex Exploration reveal Zaedyus follow up drilling plans

Mon, 02 Apr 2012 07:33:00 +0100

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’.

Northern Petroleum: City analysts eye takeover value following Total’s Wessex bid

Tue, 20 Mar 2012 12:40:00 +0000

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.

Northern Petroleum encouraged by Netherlands shale prospects

Mon, 20 Feb 2012 09:05:00 +0000

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.

Northern Petroleum says it has the funds to meet Zaedyus exploration and development costs

Fri, 30 Sep 2011 07:46:00 +0100

Northern Petroleum chairman Richard Latham says the exploration and development costs of the Zaedyus field are well within its means.

Tullow Oil's next big drill result could have major implications for Wessex and Northern Petroluem

Fri, 15 Jul 2011 12:54:00 +0100

Tullow reevaled today it drew a blank with its latest well off the coast of Ghana. Next up is the results from the first well on the Zaedyus block in French Guiana, which will could have major implications for Wessex Exploration and Northern Petroleum. Find out why.

Northern Petroleum: City analysts eye significant opportunities regardless of Italy’s near-shore ban

Wed, 13 Jul 2011 15:00:00 +0100

Northern Petroleum has got more than enough opportunities to deliver significant value over the next few years regardless of the Italian near-shore drilling ban, which was announced a year ago. This morning the group repeated its view that the ban has only had a limited effect on the company’s operations.

UBS analysis of Tullow hints at the massive potential in Guyane for Northern Petroleum and Wessex

Thu, 10 Mar 2011 15:22:00 +0000

Heavyweight City broker UBS today put out some very interesting research on Tullow Oil, which has some implications for two of the market’s smaller and more speculative E&P stocks.

Guyane Block attracts majors, but real winners could be Northern and Wessex

Fri, 28 Jan 2011 08:55:00 +0000

The Guyane Maritime Block has attracted major interest from Shell, Total and Tullow. However two junior oil explorers and minority stakeholders in the block - Northern Petroleum and Wessex Exploration - will feel the impact most if the drilling programme there successful.

Northern Petroleum: many assets, strong focus

Mon, 24 Jan 2011 07:10:00 +0000

For some, the company may have too many moving parts, others would say it has built an unparalleled asset portfolio for a junior E&P company. Going forward, Northern’s strategy - in its simplest form - takes a two pronged approach, with the priority firmly on the Netherlands and Italy.

Northern Petroleum may get much higher price for UK assets due to Markwells Wood discovery - Matrix

Thu, 06 Jan 2011 12:56:00 +0000

This morning the junior oil firm confirmed a new oil discovery in southern England. It laid out plans to sell its British assets last year. Now one of the City’s leading analysts thinks that Northern has strengthened its bargaining position with this excellent news.

Northern Petroleum Starts Production at Third Netherlands Field

Mon, 27 Sep 2010 08:54:00 +0100

Northern Petroleum announced it has begun commercial production from the Brakel field, the third of six onshore oil and gas fields in the Netherlands. Gross sales volumes are expected to be 200,000 cubic metres per day, the equivalent of 1,280 barrels of oil.

Northern Petroleum looks to pick up pace of development in Italy and the Netherlands

Fri, 25 Jun 2010 07:45:00 +0100

To this end, the company announced this morning that it had opted to divest of its UK operations, which will be handed by marketing company Envoi Limited

Northern Petroleum brings Geesbrug gas field on stream to add 307 bcf to production

Thu, 07 Jan 2010 09:23:00 +0000

Northern Petroleum has brought its Geesbrug gas field in the Netherlands on stream, marking the start of what it said will be a period of “satisfying revenue growth.”

Northern Petroleum - built for growth

Tue, 08 Dec 2009 08:22:00 +0000

Northern sees off-shore Italy as the company’s core area and the one with greatest future potential thanks to a mix of excellent prospectivity, strong demand for domestic sources of energy and good political capital.

Northern Petroleum to acquire ATI Oil in all share deal

Fri, 03 Apr 2009 17:23:00 +0100

Northern Petroleum (AIM: NOP) announced late on Friday that it had come to an agreement to acquire the remainder of ATI Oil in an all share deal

Northern Petroleum farms out six licences to Shell and reports progress in The Netherlands

Thu, 04 Dec 2008 12:25:00 +0000

Northern Petroleum answered a lot of questions today, updating the market on progress in Italy and the Netherlands.

Northern Petroleum – Slow but surefooted

Mon, 10 Nov 2008 12:34:00 +0000

Northern Petroleum certainly looks attractive at today’s depressed prices. For a market cap of around £60m, you get in excess of £30m in cash, 2P reserves of 76 million barrels of oil equivalent, a major stake in several Italian prospects