Member Info for oogleflugal

Doesnt that mean they should produce oil, not just talk about it? Or is NOP now just a wind power company. Good one to short I suppose with a stagnant board. Apparently peeps have their Gyans in a twist re Tullow. Or prehaps their is a fire. Any chance of a takeover at 70p? Wakey wakey bod, nurse is coming round with the christmas bonnus for all your hard work creating shareholder value! This year you owe us again

we've all tried 'doing the maths '. It always adds uo to way more than the sp. There is no debt, unfortionately there appears to be no ambition along with no investor relations. Musgrove needs to move over, let someone younger and more dynamic front the company. Even his best mate Winners has relised Musgroves PR skills are well concealed. They have to be more specific about what they are actually doing rather than talking nonsense about periods oc in activity and periods of accelerating growth. The figures arnt likely to show that this year. They key to whether tey are really making headway in Holland will be to see if output is beginning to turn up again, as promised. We rely on information from people who live near to some of their sites because for some obscure reason they dont seem to like beng specific except when they drop the odd bomb shell on the market about downgrades. Musgrove has talked the talk but has sadly lacked delivery and that is as much as anything why the sp is where it is. We all know there three areas in their portfolio that are worth the market cap individually. Bloody sell them then! GL we're going to need a lot of it the way this lot carry on.

have a look over on iii. There was some detail about an issue with one of its joint projects, That and the recent run of dry wells. They may have secured more borrowing but that is just piling up debt at the moment. Also aim seems to have a surplus of sellers and few buyers, cant think why lol. longer term I think they have a future. had a good run, now its the other one. Just the way it goes I'm afraid

could we return to the period pre accellerated growth of delays and inactivity it seemed to work a whole lot better!

fundamentally wrong with NOP? or is it a market over reaction as westhouse say. Since we get so little actual information out of NOP its impossible to say. What the market might be wanting to see is some evidence of at least a plan of the alledged excellerated growth much heralded by the chairman over a year ago. Unfortunately they are it seems keeping it a secret if that is actually happening anywhere.It is extraordinary that the sp was about 25% higher when the happless french ministress announced a suspension on all oil exploration under their terratorial jurasdiction. TW latest ranting about directors remmuneration in relation to performance from aim listed companies seems to apply nowhere better than here. High time for a thorough overhaul particularly when declaring the creation of shareholder value being paramount is evidenced by a 75% drop in value. Paycuts all round chaps of a simalar lack of performance related amount.

The next drill is due to spud soon apparently. Hopefully the deeper water one, which Tullow wanted to do first. Seems resonable from the data they collected. What with WSX fracca just before the results, incredible timing and shell and tullow at odds on stratergy, all we need is Total to enter the fray! Very disappointing management here. RBS have off loaded below 3%. Gyan can still be the ticket out of here I hope.

Re; Should have left TLW in charge! "RDS - the operator since the initial discovery well - opted to drill up-dip towards the apex of the fan, which in the success case would have allowed for a shallower development. This is not TLW's preferred approach. "What TLW experienced with this play is that there is an opportunity to get thicker and better developed reservoir down-dip, and this will be the focus for the drilling programme going forward." durgh!

"My summary removal from the board of the company last month was entirely groundless and something I will fight, and the remaining two directors [Chief Financial Officer Andy Yeo and Chairman Malcolm Butler] are on notice to expect me to take action in this regard," Mr. Dekker said in an emailed statement, a day before the company's annual general meeting. The company announced on Nov. 23 that Mr. Dekker had left his office with immediate effect, without giving any reason. At that time it said Mr. Butler would take responsibility for technical and project input on the company's assets, particularly its flagship Guyane license, until a new CEO is appointed. Mr. Dekker owns 12.8% of Wessex, which has pre-production assets in Latin America, the U.K. and Africa, including the Guyane license in which it holds a 1.25% stake. The license covers some 30,000 square kilometers on the North Atlantic coast of South America, and could hold as much as 680 million barrels of oil, even after the second well in a four well program found no oil. "I have led Wessex diligently as Chief Executive since the founding of the Company and shareholders--myself included--should be deeply troubled by this unprecedented move to oust the company's most senior officer and key sector expert," Mr. Dekker said. "I am wholly committed to Wessex and its important role as a key minority partner in the Guyane project. In that vein, my holdings in Wessex have remained unchanged since the summer. I will do everything I can to ensure that shareholder investment is focused on delivering the best possible result from exploration," he added. Mr. Dekker wasn't immediately available for any further comment and the company declined to make a statement. Right pairing we have here!

am guessing you have still not had any answers about specifics. I rang today but noone around apparently. WIll get a ring back tomorrow. Hope they are better than bt. Bluebird energy mysteriously went up today, now owned by Wsx I think which fell. Zaedyus has been downgraded by 30 million barrels by one analyst, whch is bonkers as this is ony the second hole not even directly connected to the original find. When I said, a bit tongue in cheek TLW should have carried on doing the drilling, appaerently this wasnt their preferred choice. Trust Shell to know better. Westhouse have a £1.2 target on NOP. A couple of pots of marmite is mine. Its not so much the current sp, more the waisted time and other opportunities that annoys me. Where the hell is the accelerated growth stratergy? Still looking for the accelerater, gearstick and ignition.

finally sinking in that they have to either have to a. proove their assets or b, sell them to create shareholder value. Its no use wittering on year after year telling us what they have hidden away. Do they really think they deserve these huge salaries. `of course not, who would'nt mind £300,000 a year for nodding your head.

if any of the bod put hand in pocket today from their easy come salaries. That would indicate whether they expect anyone to make any money for them

but sadly no aces:)

Time for siesta now. Shell, who drilled the blessed hole is the only partner actually up today.lol. even TLW has taken a fair beating. Like you say, hopefully will recover a bit before the next drill whenever that may be. What else does muzzer have up his sleeve apart from the rest of his arm?

Dont know how long it wll be before next drill. O well. we are now lower than whe the french minister triesd to suspend it. And plan b mr Musgrove is?

as pointless as hiring a load of people and carrying on doing nothing! ENJOY: http://www.proactiveinvestors.co.uk/genera/files/companies/3._northern_petroleum__20121

Thanks ggc. Proactive have put it up on their site. About the only change from the last ten presentations is the request for a suspension of two licenses in the south adriatic. Obviously too embarrassing to put it on the NOP site. Depressingly little info on any progress of anything.

in bonnie Scotland last night. War rages on iii with another sanctomonious twat who probably thinke he's a journalist, and they all appear to be ****ed on advfn. Latest is news delayed till mid dec now. So time to visit St Andrews

I did go to a presentation tuesday night. Lots of accelerated activity there. It was'nt NOP of course. Wsx taking a battering and their CO resigned without explanation last week. On the plus side shell and TLW have been doing ok. So dont know what to make of it. Even if the first drill doesnt produce the widely expected bonanza, there are there three more holes to drill. Well. well, well.

in Spannish! Good article inthe ft about last march, which it aske not to cit and paste. Fair dinkum. Easy to google under Italian oil production. The gist is what a chump Bersculoni was. Cost Itay dear on investment. They only produce 9% of what they use and could easily help mend their economy themselves if they incentivised investment in their oil industry doubling production at a stroke if they were so inclined to save their own butts! I skillfully avoided over 300 oil and gas rigs down the north Adriatic coast in the middle of the night a couple of years back. Dont think they would be short of offers to help them find more.

I'm mindfull of your comment when you firstmade contact recently that there was imminent news which they could not divulge for fear of it not coming to fruition. In the october presentation they they have 3 rather eerily silent videos of gyan, holland and Italy. Unfortunately the one on Italy does not work. However there is mention of 3-7 company changing wells to be drilled, either funded by farmout, cash from sale of gyan or industry partner. ATI was opertating in th Sciliy area. not sure if that is the now defunct side. I am guessing that they may have been referring to possible progress from the region in the Adriatic where there is thought to be around 900 million barrels in total. Will also hope to hear news that Dutch production is on the up again. In which case, stripping out cash balance, (possibly £20,000,000?) Nop is currently valued at a pultrey £40,000,000 which does seem incredible. The current problem being we are in a state of limbo , surely to be resolved soon!