Member Info for oogleflugal

the board have managed to do that themselves without any help. The purchase of ATI for 11 million being one. The reserves coch up being 2. The shell fiasco being 3. The list is unfortunately quite long. In fact it is a wonder they are still in their posts with their history of abject failure following the chairmans statements about ' an end to a frustrating period of delays, we are now set for a period of intense activity and recruitment to aid this end." O really, so two years later its ready, steady, how about resign!

Someone has picked up over 2% of nop today. Damille? No doubt will get and rns in a couple of months

I have only seem one. The rest of us longtermers are sick to the teeth of this spineless board that do f all for their inflated salaries except wait on non existant partners, do one pathetic drill every other year to make it look like they are doing something, wheel out the same presentation year after year, Ignore all small shareholders. Sharehoder relations is a joke and a bad one. The shares Damille have bought are from Blackrock who are notorious for throwing the towel. Rumour has it that NOP would have done a deal had Wessex excepted Total's offer. Dont think they did a lot for partner relations. NOP always seem stuck between a rock and a rock and never have the hand to make the moves. Its going to be a long slow haul, even if the next gyanne drill proves successfull, what next for NOP? Do they actually have a plan other than sit around and wait for the next partner.

on iii 'Where do you get the idea I've never asked questions of NOP? After all the posts on here where I've made it clear (to you particularly) that NOP have spent years ignoring shareholders. I've emailed, phoned, been to presentations and spent years on here discussing these issues with other people who have the same experience.' Seems a common shared experience, and we are supposed to believe they are hurt by the posts they receive. Yer right, all the way to the bank!

It clearly isn't a target. Would have happened ages ago. How this board keep taking the money with a clear conscience is beyond me. Just waiting for Shell to come up withe goods. It cant take all the extra staff just to write out cheques for the drilling in Gyanne. One hell of a stratergy for a 'full cycle exploration company.' The only people being taken for a ride here are us shareholders.

positive which is alot mre than can be said for the scandalously overpaid directors: As posted by Tournesol2 on TMF "In my opinion a highly significant event ocurred December 21st when Damille Investments II (DI2) bought around 5.5% of NOP's shares. Damille's style is assertive and activist. Their website says... ...Targets...would benefit from implementing certain measures to:- optimise their balance sheets; and/or align management and shareholder interests. Measures for balance sheet optimisation will include ...making a full or partial return of capital to equity holders, repurchasing existing equity or debt securities, raising additional equity or debt capital or distributing new securities to existing securities holders (spin-offs)....the Company may seek either to exercise direct control of the Investee Company’s board or to exert significant influence on the Investee Company’s board. Direct control or significant influence includes the Company making either a recommended or an unsolicited offer for the entire issued and to be issued share capital of an Investee Company, the Executive Directors or their nominees serving as directors or alternate directors of an Investee Company, the Company requisitioning a general meeting of the Investee Company to vote on specific resolutions, or the Company engaging with the Investee Company’s board to implement measures to optimise its balance sheet and align management and shareholder interests.... DI2's policy is to take stakes of between 3% and 30% in target companies. Their recently reported holding in NOP is 5.57% so it seems reasonable to expect them to add on any weakness. Given their approach to their holdings it also seems reasonable to expect that any success in Guyane where the third exploration well is currently drilling (with 2 more scheduled to follow - each taking around 3 or 4 months) will raise the prospect of a bid either from one of the JV partners - Tullow, Shell or Total who could consolidate NOP's thin slice of the action with their existing somewhat fatter slices - or even a completely unrelated party. Either way there is a very obvious outer for the revaluation of the Guyane interest and/or the whole of the company. After all nobody will pay NOP top dollar for the asset if they can simply buy NOP lock stock and barrel for the same or less. It seems reasonable to expect that DI2 will look to trigger a sale of either the asset or the whole company. To do that they are likely to increase their holding first. So having said that they will probably add on weakness, I tend to think that they will certainly buy on improved fundamentals such as explo success. All of which means I expect NOP to reach 100p by the end of the year. And think there is a pretty strong chance that they will exceed that by a handsome margin....."

We should therefore get another identical year end statement and presentation. Looking forward to performance related pay coming in. They must owe us money!

that advfn have all turned to alcahol, it seem iii are turning to religion and scripture. Pull up the drawbridge Mikey, repel all attempts to lead us to the mystic abyss. O yes thats Derek's role

If they survive and achieve objectives, I would think 11p quite conservative. As usual with brokers, no timescale, so meaningless speculation based on nothing in particular.

Quite. All in good time. I left a message with Sandra to ring back. She was away last week. I think I know the answers to some of my quetions and nowt I can do about that. Hoping for break up or takeover. Will be another couple of months of inertia I'm afraid. Something this Board excell at. Actually the only thing!

Amongst all the doomand gloom I'd say this quite good news at least alive and kicking. "The final step towards goal" ?would have thought that would take a bit more

Have done eventualy. At least it didnt return mail this time. Positivity braking out again. will be able to offload more soon at a profit!

There have been some large trades today. They dont get published all on the same sites. The sp is always the best indicator, thats why published trades are misleading, deliberately. The only people hurt around here are long term shareholders. I could carry hurt on a ducks back for 300,000 grand a year. Well done for braking the ice with Sandra again. I will have another go. I'd like some honest answers to some simple questions that have thus far been ignored. Streibers, the answer to depressed share price is simple. Lack of achievement over five years. Downgrade, dry wells and lack of commitment from Shell, and just taking too long to do anything, lots of meaningess mission statements, misinformation, no information ,seismics, drilling bans than wont effect nop, but stop them from doing anything and paper trails, but hey we've got blue flag sites . Is that because they dont produce anything? It could be about to change whoppee, about time

:) . Blackrock could have done the same,but they seem to be totaly passive and chose to give up. I've seen them pull out of other small oil shares. Dont understand their game, and then of course RBS. There have been a very strange set of circumstances in the last few weeks, namely the wessex board fiasco prior to duff drill, which as we know was not TLW's preferred choice. I dont think Musser gives a damn about Damille. They dont own enough yet, and the end game is they have to prove up licenses to extract value, or sell them for not very much. TW reckoned NOP would have been quite happy to sell gyan stake had WSX agreed to the buyout. What would he have done with the money, award himself a huge bonus and salary increase? Its good to have someone with some clout at last . Damille will hopefully make sure us shareholders get a sniff at value creation when it arrives and force the board to show evidence of 'increased activity' or leave.

keep posting, nothing else works!

Looking back to when I first met Musser at a TW presentation. Holland was pre downgrade and going well. looking to offload uk assets and Shell drill in Italy imminent, Gyan wasnt even on the radar at that time. Heard was obviously overexcited about the Italian prospects which is what they were waiting for and pinning their hopes on. They've consistantly been hanging on waiting for someone else to make them rich. It doesnt work like that. A company like shell likes you to do the donkey work and then they are happy to pay for whats there. They wanted to hang on to their cash reserves, which is sensible now Gyane is in play and should at some stage free up cash upwards of 60 million. I dont know how much cash nop will have left by then. They obviously dont want to fritter it away on more projects liemarkwell and LaTosca, which were never going to earn much anyway. Best case scenario with Markwell was a half decent result would make uk assets a decent sell. They managed to spin that out for two years. I was hoping that the dutch assets would have been reinstated to some degree as they did mention something about pulling a fingerout a while back, but so little news on progress there. IGAS one of their uk partners has been doing well recently dont know what's in it for us. All in all they seem to be content stuffing their pensions full, drawing handsome salaries while waiting for one of their partners to bring home the loot. Not the most convincing statergy for shareholders, but nice work for directors if you can get it which they obviously have. There is undeniable value here. Will it be realised this year, next or in another five years? Are they bothered?

Musser's a whole five minutes ahead of wsx, and the big boys havnt even bothered to mention it. Perhaps its his way of letting us know he is not in the Algarve on the golf course. Either that or its an early april fool from one of their partners who are probably very active with many other projects. Happy New Year

To be absolutely honest. No I would not invest here. There are better ops elsewhere. Of course I hope that value will be realised eventually because I hope to at least get my money back, but not by the current crew who seem happy about nothing happening whilst drawing huge salaries with their main current obsession of topping up their pensions. Apparently they have periods of little activity and periods of increased activity. Anyone spot the difference?

happy new year to all us share holders. THanks to the bod for another year of ignoring you shareholers and hoping you all get booted out by the new investor. I see Long John Baldry is now the largest shareholder thanks to Musgroves generosity.

That's definitely the guy I spoke to.