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Northern Petroleum: Canada Update and meeting the new head honcho Keith Bush

By Tom Winnifrith | Tuesday 27 August 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Northern Petroleum (NOP) announced last week that 3D seismic data purchased and interpreted since the company acquired its leases in northern Alberta, Canada “has increased the number and type of drilling opportunities available on the land… (these) include the identification of undrilled reef structures as well as reefs which may benefit from drilling up-structure from the previous entry point”. With also formal assignment of existing wellbores from previous operators taking longer than usual (the drilling of a new well and a side track not affected by this), the company notes that “the final proof of concept well sequence will be adapted to reflect this”

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