| 11:34 |
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I dont think you need to fear a takeover Robson,
The gas storage space we had, we sold, we are not producing anything anyone wants and we havent proved what we supposed to have because it hasnt been drilled for and proved.
So my biggest worry is that these are sitting on loads of cash and taking good salaries ,stretching it out as long as they can,
Will you lose patience if we havent got anything moving by end of Sept??
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| Tue 15:56 |
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Its not all sweetness and roses I must admit.
I'd like the SP to be higher but I'd also like house prices to be rising too.
Until I've sold mine anyway.
My impression of the NOP situation is that things are going forward, though the red tape (Holland and Italy) and rig drought (in Italy not Holland).
I think we'll all be smiling by the end of September.
My biggest fear is a takeover.
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| Tue 14:46 |
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The share price of a company is usually shown in terms of 12/18 months ahead of its current trend and this is based on brokers etc.
expectations of the managements ability to bring those fundementals to their conclusions. I invested with this in mind but over the 12 months of investment the price has not shown any marked increase in share holder value, the management seems to be sound but the progress of the compay to meet its fundamentals is not exciting investors or brokers . This not amoan but an observation based on the progress of the share price.
Regards
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| Tue 10:56 |
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| Tue 10:39 |
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| Tue 10:35 |
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If you are talking about time running out on Savio they have managed to extend the licence. Or authorities are understood to be allowing it.
I would have thought that Phil who knows more about oil investment than me, with his personal batphone to DM, more knowledge of NOP than I have had hot dinners would have leaked that one.
The Italian officials concerned understand the rig shortage implications even if a few on here don't.
Or won't.
The pessimists on here say the share price is low because the institutions don't believe NOP are capable of delivering.
I would ask, if their opinions of DM and NOP are so dire and they are so critical of the prospects then what the hell they are doing with their money invested in the company.
It would be better off elsewhere surely? For example Phil says all these other companies are finding it so easy to get rigs and deals.
Perhaps he can list a few of his winners or better potential investments so the doubters can move it into them, so making their money work better, if they are so unhappy with their money in NOP.
Clearly they believe DM and the rest of NOP are sitting around on plush sofas with their Xboxes and Wiis doing naff all productive.
Please - Phil can you in your infinite wisdom give them other boards to complain on?
You all just seem to be getting yourselves upset and worked up when you should be relaxed about your investment - or put your money in the piggy bank and leave investment to the grown ups.
RG - Aged 42.
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| Tue 09:24 |
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| Tue 08:45 |
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| Tue 07:26 |
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| Mon 21:53 |
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| Mon 11:18 |
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As I said previosly if the city had confidence in the management to get the job done it would be reflected in the price that it should be i;e somewhere between 2.40/3.40. These city guys or analists do know their onions
Regards 
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| Sat 10:19 |
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Thats what I was going to say Phil!!
Another problem I have with Robsons statement is that DM had an offer of £2.75. now I dont think it should have been accepted, but, does DM think that this is so much of his own company that he cant be bothered to inform shareholders formerly.
I have had experience of investing in companies that the CEO runs the company as if it is his, and that can be very dangerous, as did Gowrie Smith of Skye, Tom Mason of MRP Sinclair of Yoomedia and many more,
But as with previous posters view, why cant he do just as he says.
Ottoland had a workover rig put over it a year ago to continue testing, no further information has come from there since, it doesnt take a year to test a well.
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| Fri 22:50 |
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RobsonG,
Maybe we should wait till oil in Saudi and Iraq runs out then we can start to exploit ours. By then the oil will probably be about $500 per barell. We don't want to slash our wrist if we exploit it now at $130 dollars and the oil in future goes to $500.
Unfortunately the problem with such argument of yours is that most licences are held for 5-6 years and you drill or drop, some of ours in Italy are now coming to the 5th year.
With the way NOP has managed these licences , (no meaningful activity either drill of farmout), we now find ourselves in a position where we need to drill at least 5 wells every year from next year in in other to retain all the licences in Italy or else we lose them.
Having licences is of no use if you can not exploit them. Licences on its own is only a piece of land. Ownership of a licence is only of value on the assumption that you will exploit the licence and possibly find a commercial pool og oil or gas.
The problem with this share is that the city has decided is NOP is capable of exploiting any of these licences or based on our past record of activity these will just lapse bringing no value to the company.
What DM thinks the share is worth is a totally different kettle of fish to what the investing public both PI and institutional thinks. The institutions are not daft is they actually agreed with DM on the value of his company they would all be pilling in and this would reflect in the share price.
The company may be worth 10X current value but you are assuming that NOP do exploit all these licences and also that a lot of the Italian licences has a commercial find in them .... a big leap of faith.
As for how hard it is to find rig ,, regulations etc ... other companies seem to manage. If they can manage it and we don't then it is time to look at our process instead of burying our head in the sand and blamming everybody else. If the speed of regulation in Italy is that slow that you can not carry out the licencing requirements in 6 years then I am sure that the licencing terms in Italy will have been 7 , 10 years or whatevever. the licencing terms is however 6 years because they expect that any company will be able to carry this out within this time period..... except maybe NOP.
As for NOP/ATI has not got the money for offshore drilling in Italy >>> that is not new. This was know when BL introduced NOP to the Italian licences. Was not the object to farm these out so someone can carry the cost? Five years later we still have not managed to find a farm-out partner especially for the PO valley which have become very urgent now .. drill or drop stage.
As for patience and talking to DM, I have probably had more chats with DM that you have Sundays in a year. I have been invested in NOP since about 1996 ..( I believe that was even before DM).
Before the masses descended on NOP I used to have a chat with DM about once every 2 weeks ... then you can just pick up a phone and call and he will spend ages on the phone with you.
He is a nice man but one thing I know is that he is very optimistic and overstates thing expecially when it comes to timelines. For example,during the arbitration with the Russians on our former assets there he told me that he expects resolution in about 3 months. .. It took more than a year until we finally gave up the ghost on those assets.
He is a pleasant man very approacheable and knows his stuff but project planning maybe is not his strong suit.
As of now NOP has not shown that they can plan and carry though any plan and that is why a lot in the city are sitting on the sidelines waiting to be convinced. NOP timelines is so elastic that announcement of anything being imminent is ignored by the city .. because when NOP says imminent it means it may happen within the next 2 years.
I have no doubt that once we prove our capability the share price will react accordingly but it is pure burying our head in the sand to t
. . . Read Full Message
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| Fri 21:19 |
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Re the previous postings about whingers etc. The defining reason in a share price, is, if the city has confidence in the forward management of the company the price will reflect this confidence. At the moment the city appears to be sitting this one out. Anybody agree
Regard
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| Fri 17:08 |
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i have not seen an rsn about a bid of £2.75 and i would have thought it was dm duty to imform the share holders and if this bid was from tulo and in shares i for one would have exceped it if you want to no w hy put a graf up on nop and tulo over the last 12 months regards dick excuse spelling
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| Fri 15:05 |
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re wingers i am one of the wingers and i have read the prevease post my argument is that he should not promis what he canot deliver he has promised 10 wells in the next 15 months their are only 3 land rigs in italy and 1 land rig in holand so i donot beleave that this will happen. as i email dm 12 months ago email posted on this sight ataching details of a rig for sale asking price $2m he has £37 m in the bank if he buys a second hand rig for italy he could startdrilling some of the italian licences have less than 2 years left you also say be pationt i have been a share holder since pre consolidation so i am not a johny come lately and thay have done me well but the last 12 months with oil andgas prices riseing thay have traded side ways apolages for spelling regard dick aimoho
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| Fri 11:35 |
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| Fri 11:25 |
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I can't believe the level of petulance and childish slagging off Derek Musgrove gets on here.
How do you whingers know we SHOULD or COULD be producing?
Have you sat and listened to DM talk about how difficult it is to get rigs in Italy? Or hear him admit NOP/ATI cant afford to drill offshore in Italy either, they need partners.
Holland wells will be spudded before Xmas they are negotiating on rigs (too boring to go into the Eurppean regulations on this), Savio in Sept and Markwhatnot Wood in the next few months.
I've bothered to go to two talks with DM now, and he is just as frustrated as PIs. Did you know a bid of 2.75 was received?
DM believes the share price should and could be TEN times what it is now, due to oil price inflation.
I'm kind of sick of hearing about people's patience running out when they clearly haven't got any, and now resort to personal attacks on a man who wants to make us all rich. When it comes to European red tape and enviro madness thats the trade off for having reserves in geo-politically safe areas.
You cant just bribe the local officials. Due process and courts and appeals.
Anyway, now oil is more than twice the price it was.
Twice? MOre than that.
Even if we had been able to pump it all out 2 years ago to satisfy the children on here we would have been slitting our own throats for short term gain.
Even the Saudi King says if he discovered new assets now he wouldnt rush them into production.
The negativism and short termism on this board sometimes makes my blood boil.
I am also exceedingly bored of hearing about how you think you could run an oil company better, in todays Peak oil/credit crunch climate.
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| Fri 11:23 |
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Anyone complaining ought to read every page of the PDF File before boring the pants off this board and/or buying/holding the share.....
oil in ground usually valued at $10 a barrel; do your own sums.
Yes, I bought at 2 pence and carried on buying.
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| Thu 16:50 |
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Mr Nieve,
you should be putting more emphasis on the short term extension of the loan from NOP to ATP. This is only up to Christmas to allow " a timely conclusion to negotiations" In less than 6 months you should see ATP become active - i wish i knew what exactly, but i am confident having read the rns details. I too have been with NOP a long time (2p days) and plan to stay longer.
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