16 Jun 2015 08:34
Shares in Northern Petroleum plunged on Tuesday, after the oil and gas explorer said it was undergoing a technical review and it was working to achieve extra cost efficiencies. The London-listed company, whose current daily production capacity at a developing prospect in Canada stands at 500 barrels
Read moreA drilling update from Northern Petroleum revealed two separate zones along a recently tapped Canadian well were too watery to be pursued in the current oil price environment, while three other producing wells have been shut to conserve cash. Northern's well 102/11-30 in north-west Alberta has been
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