Northern Petroleum completes partial Canadian divestment
20th Dec 2016 09:05
(ShareCast News) - Northern Petroleum announced on Tuesday that, further to its announcement of 30 November, the divestment of 25% of its assets in Canada to High Power Petroleum has now completed. The AIM-traded company added that the remaining disposals in Italy and Australia, as set out in the ci
Read moreNorthern Petroleum offloads High Power assets for $2.5m
30th Nov 2016 10:15
(ShareCast News) - Northern Petroleum, an AIM listed oil company focusing production led growth, announced that it has agreed to divest interests in its assets to High Power Petroleum (H2P) for $2.5m. The consideration also includes the application of $0.25m of well stimulation services by Blue Spar
Read moreNorthern Petroleum's production rises despite adverse weather in Canada
7th Jul 2016 12:21
(ShareCast News) - Northern Petroleum has increased its production despite the heavy rain in May and June due its Rainbow assets in Canada. The London based oil company said its net average production for the last week of June was about 500 barrels of oil per day, 100 barrels above target. Follo
Read moreNorthern Petroleum plunges after announcing cost-cutting strategy
31st Mar 2015 11:09
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 moreNorthern Petroleum shuts three wells to save cash, fourth abandoned as uneconomic
10th Feb 2015 11:11
A 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
Read moreNorthern Petroleum posts 'outstanding' result from Canadian well
21st Oct 2014 15:30
Northern Petroleum has reported positive results from drilling at an oil and gas project in Canada, boosting its shares. Northern said its first well targeting the Keg River edge reef tested at a constrained rate under natural flow of more than 1,300 barrels of oil per day. Two other wells drilled
Read moreDrilling operations in Canada boost Northern Petroleum's confidence
17th Sep 2014 08:19
British oil and gas company Northern Petroleum said ongoing drilling operations in Canada have boosted the group’s redevelopment project. The first two of the three-well programme have reached their target depth, with a third well set to be spudded later in September ahead of the production t
Read moreNorthern Petroleum announces board changes
4th Sep 2014 14:46
AIM-listed Northern Petroleum has announced its exploration and technical director is planning to retire at the end of 2014. It also revealed that the role of chief operating officer will this month be taken on by Paul Lafferty, who is joining the group from the exploration and production division
Read moreNorthern Petroleum starts drilling of three new wells
7th Aug 2014 17:39
Northern Petroleum said on Thursday it will start this week the drilling of the first of three new wells at the Virgo redevelopment project in Canada. All wells will be completely drilled by the end of October, with a total cost of $6m. The sales prices were at $90 per barrel after pipeline tarif
Read moreNorthern Petroleum Chief makes modest investment
3rd Feb 2014 16:59
Northern Petroleum on Monday announced that its Chief Executive Officer, Keith Bush, had the same day purchased 85,000 ordinary shares. Costing 31.18p each, Bush spent a total of £26,503 on the shares. The purchase marks his only holding in the group. Meanwhile, fellow board member, Stewart Gibs
Read moreUK shale gas firm IGas climbs as CEO indicates confidence
16th Jan 2014 16:19
IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in
Read moreMonday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreDouble director purchase at Northern Petroleum
7th Oct 2013 16:45
Northern Petroleum, an oil and gas company, on Monday announced share purchases by two of its directors, one week after the agreement of the sale of its Netherland subsidiary, Northern Petroleum Nederland. Graham Heard, the company's Exploration & Technical Director, purchased 30,000 shares in the
Read moreWednesday broker round-up UPDATE
2nd Oct 2013 08:02
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
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