The Times: Rumour of the day: “Northern Petroleum…”: Thursday 29 December 2005

Northern Petroleum remained at 43½p, despite word that it is set to exercise options over three further discoveries in the Netherlands as part of its deal with Nederlandse Aardolie Maatschappij, a joint venture between Shell and ExxonMobil. Northern’s strategy is to generate cash from its Dutch assets as a precursor to developing its licences in Italy, many of them once held by Enterprise Oil.

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