UK 18:13 Monday, 26 October 2026
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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.
I noted here the other day that Northern Petroleum (NOP) is heading for a cash call. Today it has announced the sale of its UK assets for £1.5 million to UK Oil & Gas (UKOG). It’s a great deal for UK Oil & Gas but it tells you that Northern needs cash. Fast.
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Comments
MrContrarian
Jeez, another asset fetching a fraction of what Derek Musgrove (& Bush in this case) told you it would fetch. Is Musgrove still “your pal” after all the BS he fed you while CE of NOP? Just curious.
Tom W
In this case…it is Bush who sold it for a fraction of what he said it was worth.
Q2. Everyone’s my pal, everyone loves me as I a sweetness and light.
Even the investor pure who throw stones because they never get it wrong…
Tom
wildrides
Those assets are not even worth what UKOG are paying . What a POS . Dont tell me , let me guess ………Lemongas plans to refresh the wells with the latest tech and frac blah blah and get results so bad that he never publishes production volumes ever again . When was the last time you got any production figures for the old workovers at Trini ……oh that would be never . Smoke and mirrors ….. we better drill some new holes quick to cover up the fact the old holes we worked over are producing feck all .
Mike Warrington
Glad TW has not used the foul and unnecessary language to make his point as he did the other day. KB doing a good job picking up the pieces that Mussy and Co left behind.