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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Wessex Exploration vs Northern Petroleum – madness

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- Tom Winnifrith

Shares in both Wessex Exploration (WSX) and Northern Petroleum (NOP) have moved ahead sharply in recent days. We all know why these AIM listed oil explorers are in demand. Drilling is underway of the Zaedyus well in Guyane. This might well be a monster and both companies have a 1.25% stake in it. But the respective valuations are now insane.

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