Friday March 06, 2015
My last day at the Greek Hovel – 1 last satisfying bonfire
Weekly Postcard #102 – Driving into the clouds I see the past and the future
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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Northern Petroleum – Tosca well abandoned – almost irrelevant

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- Tom Winnifrith

AIM listed oil and gas producer and explorer Northern Petroleum (NOP) farmed out its La Tosca gas play in the Po valley. So its costs in drilling the well were trivial. It was announced today that the well has been abandoned as a write off. In the greater scheme of things this is pretty irrelevant. It might have been worth a couple of pence per share to Northern it is now worth zero pence in total.

In contrast

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