 |
Northern Petroleum
Full Northern Petroleum profile hereNorthern Petroleum Plc is an oil and gas exploration, development and production company focused on the European Union and nearby areas. The Company is an operator of both onshore and offshore projects including a producing oilfield and boasts a management and technical team of the highest quality.
Northern Petroleum completes drilling at Tiendeveen gas well, Netherlands
Northern Petroleum (AIM: NOP) has announced the completion of drilling of the Tiendeveen-1 exploration well at the Drenthe III license in the Netherlands, looking to add to the production and reserves of the nearby Grolloo and Geesbrug fields.
The drilling required additional time to finish due squeezing salt being encountered, as well as a swelling clay section requiring the running of an extra casing interval, with extreme weather conditions also contributing to the delays. Following further detailed analysis, Northern will be preparing and designing a testing and frac programme for those intervals interpreted as gas bearing.
“If testing is successful Tiendeveen will be adding to our reserves and production from the Grolloo and Geesbrug fields. This clearly demonstrates the potential this region has to offer. With approximately 50% of Dutch daily energy needs being provided by natural gas, strong demand can be expected to continue,” said managing director Derek Musgrove.
Partners in Tiendeveen-1 are Northern Petroleum Nederland BV with 45 percent, state oil company EBN with 40 percent and Dyas BV with 15 percent.
Northern is forecasting to reach production of 6,000 barrels of oil equivalent per day net to the company in 2013, and said it has strong exploration and appraisal drilling programmes in the Netherlands, Italy, UK and Guyane.
Register here to be notified of future Northern Petroleum articles.
Investors interested in Northern Petroleum recently viewed
-
Jupiter Energy Limited (ASX: JPR) Focused on Kazakhstan - Committed to creating shareholder value -
Solo Oil (AIM: SOLO) Acquisition of diverse oil & gas assets in the Americas, Europe or Africa -
Blue Energy Limited (ASX: BUL) Coal Seam Gas Developer in Queensland, Australia -
Po Valley Energy (ASX: PVE) Leading Independent Oil & Gas Enterprise Based in Italy -
Gulf Keystone Petroleum (AIM: GKP) Oil & Gas exploration and production in the Middle East
-
Northern Petroleum looks to pick up pace of development in Italy and the Netherlands
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
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
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
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
Northern Petroleum answered a lot of questions today, updating the market on progress in Italy and the Netherlands.
-
Northern Petroleum – Slow but surefooted
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
-
27/08/10
Northern Petroleum Finance Director exits -
05/07/10
Edison Investment Research notes that it is 'business as usual' at Northern Petroleum’s Italian ops -
02/07/10
Italian govt proposes ban on hydrocarbon drilling near coastline -
30/06/10
Northern Petroleum chairman Richard Latham looks ahead to new phase of accelerated growth -
28/06/10
Northern Petroleum signs seismic collaboration pact with PGS to identify new oil and gas licenses -
08/06/10
GE&CR praises Northern Petroleum’s progress in Netherlands, says Italy holds greatest potential -
08/06/10
Northern Petroleum ups oil and gas production and resources in 2009, posts record capex -
15/04/10
Edison Investment Research comments on Northern Petroleum’s Baxters Copse reserve update -
14/04/10
Northern Petroleum says report identifies 15.06m barrels 3P oil reserve at Baxters Copse, Sussex -
07/04/10
Northern Petroleum appoints ex-BP man and former Innovene CFO as finance director
-
Green Dragon Gas reports significant growth as China’s thirst for energy continues
The Chinese CBM gas producer said it is on-track to meet its 'agressive targets'. In the first half Green Dragon has drilled 13 new wells, increased sales volumes and grown gross profits by 44%.
-
Petroceltic continues to strive to be a full-cycle exploration and production company.
Oil and gas developer Petroceltic, which has a gas field the size of Greater London, is striving to be a full-cycle exploration and production company.
-
Caza Oil & Gas are ready to roll out project after project for some time yet
Proactive’s Oliver Hail takes a forensic look at an oil and gas minnow that has really made a big splash as he looks at the secret of Caza’s success.
-
Caza Oil & Gas shares soar on Bongo field update
Shares in Caza Oil & Gas more than doubled in value after the group revealed it had made a potentially significant natural gas discovery in Texas. Logging results from the OB Ranch 1 well on the Bongo field showed the company hit a pay zone measuring more than 100 feet containing gas and gas liquid.
-
U.S. Oil & Gas: pure play on a high impact geological conundrum
If the group strikes lucky in Nevada's Hot Creek Valley, which is a distinct possibility, it could transform its fortunes overnight and realise significant upside to the current share price.
-
Regal Petroleum on the brink of great things
The next few months promise to be pivotal to the future of Regal Petroleum (LON: RPT) – and may even act as decisive break with the past. The company has made huge progress in the last past two and half years under new boss David Greer.
-
Gulf Keystone Petroleum secures 'substantial uplift' in Kurdistan interests
The group confirmed it has completed its ‘re-organisation of interests’ in Kurdistan region, Iraq - which sees take full control of its operating subsidiary. Amendments to its original Production Sharing Contracts (PSC) have now been approved by the Kurdistan Regional Government.
-
Nighthawk's Jolly Ranch is proving very attractive
Managing director David Bramhill gave an upbeat assessment of the size and quality of would-be bidders for a stake in the explorer’s Jolly Ranch shale oil project in Colorado. Seven sizable parties have been short-listed by consultants Macquarie Tristone and will now gain access to the data room
-
LENI GAS & OIL: ADVANCING ITS OPERATIONS IN SPAIN, THE GULF OF MEXICO, TRINIDAD AND MALTA
Most small to medium sized oil and gas companies are generally called E&Ps – for exploration and production. But London-based, AIM-listed Leni Gas & Oil is more of a P&E – production and exploration.
-
Aurelian Oil & Gas spuds Trzek-2 appraisal well on Siekierki field
Aurelian is continuing to make good progress in Poland, with Trzek-2 on schedule and on budget. It has also started a 3D survey over the Cybinka/Torzym licenses to delineate oil resources.
