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Northern Petroleum – Italy Drilling. It all helps

Tom Winnifrith
Tuesday 7 August 2012

43 billion cubic feet of gas sounds like a lot. I am sorry to say that it is not as vast as it sounds. In fact it is rather small (call it 750,000 barrels of oil). This is the Tosca-1 well where AIM listed Northern Petroleum (NOP) has announced that it has now started drilling. It will take 40- days to reach target depth. The well is in the gas rich Po Valley in Italy. So why do we care?

on ADVFN | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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