Shares digital

Oil & gas firm Northern Petroleum’s (NOP:AIM) six drilling targets in the Adriatic are now ascribed potential reserves of more than six billion barrels when an earlier assessment had put them closer to two billion.

The upgrade follows an independent appraisal by Blackwatch Petroleum Services, and the company is now working towards progressing field appraisal and developments for the Rovesti and Giove fields within its current means.

Shares says: This underlines the potential upside in the company’s portfolio. TS