A couple of years ago when I have time, I attended NOP's AGM. Decided not to invest as progress in their Dutch assets seemed slow. Have not kept much notice of NOP until the Dana deal on 14 June 2010. Dana's acquisitin cost of $12.16/boe 2P reserves looked interesting "if"applicable to NOP's asset of 42.7 mmboe net in The Netherlands. With an half year investment time frame in mind, bought some NOP a few days later thinking it was a good punt for some fun at around 95p. One of the logics is that it might do a Dragon Oil with share price increasing as production volume increases. If they can focus their energy in The Netherlands and Italy and ramp up their production with the additional fund from disposal or new money, the share price may have reached a trough already for this year, judging by yesterday's jump. It's probably one of those stocks that one should not track too closely. Now I better get back to my closet. :-)
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