Northern Petroleum – what a total fucking omnishambles of an RNS

I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation. 

Less than a month ago Northern was goaded by my good self into using a trading statement. It stated what year-end net cash was and stated that output on 27 December had reached almost 500 bopd and that once well 4 in Canada was on-stream it would be at 450-500 bopd. That was a downgrade but still impressed a few punters.

Here we are 29 days later

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