Member Info for Casper786

We had an rns from BBE http://www.bluebirdenergy.net/20110815_-_Strategic_Review__BBE___1_.pdf "In the light of this decision by Running Foxes and further to the Directors meeting with the management of Running Foxes, the Directors have commenced a strategic and operational review of the Company’s US assets with a view to recommending proposals which they believe will represent the best course of action for shareholders. A further announcement will be made in due course. In the meantime, the Directors continue strongly to believe the current share price does not accurately reflect the value of the Company’s assets." To me atleast the above reads like this........BBE have had a meeting with RFP and both of have decided to get things moving.......I wouldn't be surprised when in our next RNS we are informed that BBE has sold certain % of stake centurion for x amount and x % in larger area ....just like RFP........the way i am reading thid it will be that same 3rd party taking up the stake and they will become main holders of centurion roject and become the operators..........in the above BBE statement it can be clearly noted that they want a strategic change as was the case with RFP......... Also note the board seem confident and are telling us the shareprice dosent reflect the value of its assets......they say all this be4 we had that good news from TLW.......so if anything BBE is more undervaled now ......... GLA

http://www.runningfoxes.com/prospects.htm "The Company has sold a 60% working interest of its 50% working interest to a third party. In addition RFPI will have a 10% working interest in a larger land play that includes not only Sumner County but several other counties in Kansas and Oklahoma. The third party brings significant horizontal drilling experience to the project. For more information please contact: info@runningfoxes.com " Here I was thinking RFP selling 60% of their stake was a bad thing and maybe that was holding the shareprice back, it might aswell be the case, but after reading the above abstract i am more confident it might have been a step in the right direction and overal a +ve thing................ If you note the third party brings "significant horizontal drilling experience to the project" to me thats like saying lets get things moving.....:)).......the way i am reading this is as follows....i can be wrong would be more than happy i someone corrects me on this..... Here it goes...... RFP sells 60% stake in Centrurion project in return for atleast 10% stake in larger area not only in Sumner County but several other counties in Kansas and Oklahoma. Now my question would be why would this thirdy party who have immense experience farm in Centurion project?...........if you note from the above link RFP have changed their strategy they are seeking partners in all of their other projects...thus have successed in just one so for ( centurion project )......WHY centurion?...maybe thats the major play for this third party .......

http://www.stockopedia.co.uk/content/zaedyus-what-could-it-mean-for-investors-in-tullow-northern-and-wessex-60031/

Was from Uk Analsyt

This downgrade of the reserves was made for the sake of prudence and the board seemingly pointed out that when all this data has been received and interpreted, the static and dynamic field models would be updated with the production data later this year and then it will be possible to make a further assessment of the reserves. Over the past decade, Northern has consistently added shareholder value by growing its portfolio of good quality oil and gas prospects without paying high entry costs. The real focus has been on low priced assets where value can be added at a relatively low cost. At the heart of the strategy is the winning of valuable exploration licences which is followed by the company undertaking the necessary geological, geophysical and engineering work to dramatically add value before inviting larger players to farm in into the projects at an exploration or development stage, or traded to acquire production. The plan to acquire more seismic data is a clear sign that the board is accelerating the development of its assets in Italy which should allow farmouts to be agreed at better terms. A farmout deal has been agreed with Shell covering six permits on the company's acreage off-shore Sicily. On the back of the success with the Zaedyus we have upped our target price to 149p on the assumption that this discovery along with the similar structures that have been identified in that area could add 24 million barrels of prospective recoverable resource. Our stance remains at buy.

Northern is now beginning the process of unlocking value offshore in Italy with a drilling programme. Partner Shell is expected to make a drilling decision shortly on the West Sicily Thrust Belt for a well to be drilled in 2012 which could led to a strong re-rating of the shares. In late May 2011, more than 30% was wiped off the share price when Northern announced a reserve and production update; but the air was cleared by the results that followed soon afterwards. However since that time the company has made a series of positive announcements both from Italy and the UK. In late July, the board gave an update on its South Adriatic permits contains the Rovesti and Giove oil discoveries which between them hold a combined 53.2 million barrels of 2P reserves. The action now in F.R39.NP and F.R40.NP will be three fold. Firstly, there has been approval granted for the 3D seismic programme to be increased to 600km². Secondly, a contract had been signed for 2D seismic over permits, with survey scheduled to commence in late Q3 /early Q4 2011 which will help to de-risk significant exploration prospects. Thirdly, the two planned 3D seismic surveys are scheduled for Q4 2011 will now be intensified, targeting the Rovesti and Giove oil discoveries and a significant exploration prospect within these two permits. Meanwhile back in the UK, in recent days there has been news that the extended well test of the Markswell Wood-1 oil discovery in West Sussex licence PEDL 126 should begin in October 2011 Northern Petroleum offers a healthy cash flow from oil and gas production in the Netherlands plus the blue sky potential of drilling offshore in Italy. Last year the company achieved record revenue of €15 million but there was a pre-tax loss of €0.02 million after additional non-cash depletion and impairment charges of around €3 million. In 2010, two further gas fields went into production in the Netherlands making a total of six producing fields. Looking ahead, one 2D and two 3D seismic surveys are planned in 2011 on the Southern Adriatic permits, which should allow for progress at the Rovesti and Giove discoveries alongside Northern's new partner Azimuth. Results from the Tullow-operated Guyane well are expected in August; and later on in the year the La Tosca prospect looks likely to be drilled. In addition, discussions are advancing between Shell and the Italian authorities concerning the future activities on the Thrust and Fold Belt permits. While in the Netherlands, there is continuing investigation of the considerable potential for oil shales that have been identified in the south west of the country. An on-going economic and technical valuation has been carried out by the company for some time now which has involved reprocessing the 3D seismic data over the Geesbrug and Wijk en Aalburg fields as well as much of the rest of the Netherlands acreage.

Northern Petroleum* - New offshore oil basin discovery: Buy at 90p with an increased target price of 149p Northern Petroleum has announced an oil discovery of 72 metres of net oil pay in two turbidite fans at the Zaedyus exploration well, GM-ES-1 in offshore French Guiana. Northern has a 1.25% stake in this well where the operator Tullow Oil reports good quality sands. Zaedyus was drilled to test whether a mirror image of the Jubilee-play that had been successfully established in West Africa could be discovered on the other side of the Atlantic. The team now seems to have their answer. Without doubt this discovery opens up a new hydrocarbon basin. The well was drilled in water 2,048 metres deep and has currently been drilled to a depth of 5,711 metres. Drilling will continue to over 6,000 metres to calibrate deeper geology and is then expected to be sidetracked to gain cores over the reservoir section. Operator Tullow is a real expert in drilling these turbidite fans and in West Africa has drilled about thirty such wells. Tullow is comfortable with the pre-drilled range of 300-700 million barrels of oil (mmbo) recoverable figure which represents 4-9 mmbo to Northern. But Tullow seem to suggest this could be just the start as in the area around Zaedyus there are another 5 or 6 similar sized structures; which have now been substantially derisked. The rig is likely to spend another couple of months on the well and following the analysis of logs, will provide better guidance of the resource potential. On the back of this discovery there could be fairly aggressive drilling of the area from the next 12 to 24 months which should provide a steady news flow. Derek Musgrove, Managing Director of Northern commented that "It is a pleasurable experience to be working in an exploration group with Tullow, Shell and Total encountering and overcoming the operational challenges. I trust that we have gained some useful experiences to apply in the future offshore Italy where our interests are greater." In the Southern Adriatic there are also turbidite fans and here Northern has a far larger piece of the action. The truth is that Northern has never seemed to have been given recognition by the market for a series of potential half a billion plus barrel prospects to explore off the coast of Italy. These are potentially high impact exploration prospects where success could be transformational for the company. These exciting prospects lie within four core areas, one of which has already been snapped up by Shell, leaving three more core areas to trade. Northern has acquired a large number of key licences in prospective areas in offshore Italy, which is equivalent in size to more than 85 North Sea blocks. With applications pending, it could be that the company ends up with a licence area about the same size as that of ENI, the Italian multinational oil and gas company.

A vital message for you as an investor There is a message here that will not be lost upon the oil industry. But there is also a message for investors. If you want the chance to get some real bang for your buck, you need to invest in small companies. Shareholders in Tullow were rewarded with a 15% gain on Friday and those in Northern Petroleum – a much smaller company – benefitted to the tune of 30%. But for the real extremes, consider Shell and Wessex (WSX). Shell is a £73bn monster. So even 45% of what could be the most significant oil find of the year has had no more impact than a fly on an elephant. Shareholders in Shell had nothing to celebrate whatsoever. Overwhelmed by the broader trend on what was a gloomy day for the stock market, its share price actually fell by 2%. But Wessex is valued at just £35m. So even though it only holds a tiny 1.25% interest, its shares raced up by 53%. Penny stocks can grow quickly in a falling market The contrast could hardly be starker. Shell is so big and so diverse that any one single event makes little difference. From day to day its share price is driven by macro-driven stock market sentiment and not by its own efforts. For Wessex, on the other hand, whose only other interests are in Hampshire, Dorset and the Isle of Wight, its share price is driven by company-specific events. And a tiny share of an oil discovery was enough to send its value sky high. That is why, despite the risks being higher than investing in blue chips, I like small companies and penny shares. If the business does well the shares will perform, regardless of the market context. It is of course important that you maintain a diversified portfolio in order to spread your risk, but if you think that stock market sentiment is going to remain gloomy for a while - and plenty currently do – I see no point whatever in buying into giants like Shell that will not be able to buck the trend. But if you get into the right small companies you will make real money, regardless of what is going on elsewhere. Nowhere is this more true than in the oil sector.

A vital message for investors in energy From Tom Bulford Dear Jack Smith, NORTHERN PETROLEUM (NOP) owns a tiny share in an oil project in previously untried waters off the French Guiana coast. In all they have a claim to 1.25% of a licence they share with Tullow Oil, Shell and Total. It doesn’t sound like a significant prospect does it? Northern certainly has much bigger and more advanced interests in the Netherlands and Italy. So this gamble on a drilling programme off the coast of South America looked nothing more than a corporate extravagance. But last Friday the gamble paid off handsomely when Tullow struck oil. It added £20m to Northern Petroleum’s stock market value. This little South American afterthought could turn out to a company maker. But the discovery could yet have far wider implications – signalling the prospect of huge returns for investors in penny oil stocks. Tullow may have discovered a major new oil region TULLOW OIL (TLW) is the operator of the licence – it owns 27.5% of the Guyane Maritime licence, while SHELL (RDSA) owns 45% and the French giant TOTAL (FP) has 25%. Drilling at Zaedyus began in March, so it has taken some time, but Tullow has discovered a 72 metre band of oil bearing sands. Pre-drilling estimates suggest that Zaedyus could hold 700 million barrels of oil, worth some $80bn at today’s prices. But the discovery has wider implications. It suggests that the area off the north-eastern coast of South America could become a major new oil region. This is the first well that Tullow has drilled here, but the total size of its licence area is a massive 26,340kms2 - much larger than any of its previously successful licences and second only in its portfolio to its Omo licence in Ethiopia. So Tullow now has a huge canvas upon which to work, and is no doubt already planning the best way to proceed. The find also confirms a theory. The reason that Tullow chose the north-east coast of South America is because it had previous success off the west coast of Africa. Since the continents of South America and Africa were joined together billions of years of ago there is good reason to think that the geology off the coast of west Africa is similar to the east coast of South America. Since oil has been found at the former, it should be present at the latter. Oil discoveries off the Brazilian coast have already supported the theory and this provides more confirmation.

"Professionally this discovery is one of the best things that has ever happened to me" I suppose one of other things MR David Bramhill can be proud of is he has made sure BBE has 11.28% stake in that success....:))

http://www.insidermedia.com/insider/south-west/58709-/

buy at full ask 1.02p

Credit Suisse raises Tullow Tullow Oil (TLW.LN) price target to 1804p from 1437p following the company's successful Zaedyus well in French Guiana. "Despite an initial 15% reaction on the day, we think that the shares deserve to re-rate further."

was a buy of 630k aswell at 1.03p.....

1million bought at 1p........946k bought at 1.05p ( plus )...:))

over 3million bought in first hour...:))

ON 6th july MR DB added 1million at 1.03p a share to his name ON 6th july Cantor Fitzgerald Europe increased there stake above 15% ON 1st aug MR DB buys more 728k at 1p a share ON 1st aug MR AY buys 200k at 1p a share ON 1st aug MR BM buys 55k at 1p a share ON 24th aug ABWAY Enterprises Corp add another 8.34million shares to their name.... ON 5th sep a trade of 3.75million at 0.94p comes up at end of day as delayed trade ON 9th of sep trades of 6.75 million 3.75million 3.2million.....several 2milllions and countless 1million with several 500k.......go through......all buys in my eyes...... in my eyes like comedy says.......stakes are being built....... GLA dont give in ....... wait and be rewarded.....

mm's def. playing games to hold this back......if you look at the ratio between buys and sells in other shares which interest us...tlw/wsxs/nop....they all had by far more sells than us....in case of wsx i think it was something like 55% buys to 45% sells....so i am still puzzled as to why we didnt move on friday...

morning to u aswell mate....i c see this around 2.5p - 3p......just have to be patient....

498.396million out of these.....184.838 million belong to directors/institutions... http://lt.hemscott.com/SSB/tiles/company-data/forecasts-deals/major-shareholders.jsp?epic=BBE&market=LSE 498.396milllion - 184.83 million = 313.558million so there are only 313.558 million shares which can be traded by public......65 million of these were traded on friday ( lse + plus market ) which equals to 21%........now that is something 21% available shares traded and most of them were buys i would say out of 65m 55m were buys...