Nxpn.ob

[Kash Jackson]

Putting this one on alert for next week. Two very nice volume days on Thursday and Today.

BUSINESS SUMMARY
Northern Explorations, Ltd. engages in the acquisition, exploration, and development of natural resource properties in North America. The company is in the process of completing an investigation of various opportunities in the oil and gas sector, as well as the base and precious metals sectors. Northern Explorations, Ltd. was founded in 2004 and is based in Vancouver, Canada.

http://finance.yahoo.com/q/pr?s=NXPN.OB

[Kash Jackson]

Norex Energy (Northern Explorations Ltd.) (OTC BB:NXPN) is an energy exploration Company currently developing natural gas assets across North America. The Company has acquired a majority working interest in two natural gas projects located in California which show the potential to contain up to 50 BCF of gas and in Alberta, Canada which has the potential to contain 8 BCF gas with associated plant, pipeline and existing infrastructure.
 Norex is dedicated to the acquisition, exploration and development of outstanding natural gas opportunities across the United States and Canada.
 In Feb 2009, a payment of $376,692 was made for the acquisition of a 50% working interest in two California gas projects in the Central Valley of California.
 Norex is now working with the operators towards finalizing the planning of the first 2 gas wells for the 2009 development program. Plans are set to drill the first well in June and the second in July. Another 2 wells are earmarked for development in 2010.
 Norex aims to benefit from what would be a very short pay out period for seismic, drilling and pipeline tie-in costs at the two wells targeted in its 2009 California Project.
 If proven to be commercially viable, this may represent a venture with an in-situ value of greater than $50 million in contained gas as a majority working interest partner.
 The company plans to provide shareholder value through the assembly of asset and property combinations which will include exploratory promise, ongoing production, in-place infrastructure, growth potential and the ability to offer both short term returns as well as significant value over the long term.
 Norex Energy’s portfolio is believed to be high quality prospects. Its Californian interests holds potential to bring to commercially viable 2,000-3,000 Mcfd natural gas production that could create a positive cashflow position by end of Q3 2009.
 Estimated costs of drilling and completing the 2 wells in its 2009 development project is approximately $2.1 million all in. Pipeline and tie-in infrastructure costs are estimated at $550,000, resulting in a total project cost of $2.65 million in the current financial year.
 With PG&E Citygate pricing near $4.96 and given Norex’ 78% NRI to the 100% WI, we expect thus 39% of all revenues to its 50% WI and an ROI of less than 1 year.
 Norex wants to enhance its portfolio of energy projects by entering into the wind energy sector by means of strategic acquisitions in Texas & Wyoming wind corridor.
 Norex Energy continues target its production through the drilling of new wells and the recompletion of existing Alberta wells. It is also building a professional team capable to design and execute its plans for the aggressive growth of production and revenues. We believe access to adequate financing will enable Norex Energy to leverage its high-quality assets assembled to date, which will ultimately be accretive to shareholder value. When coupled with our medium term outlook for the backdrop for favorable supply-demand dynamics to feed positively into natural gas pricing for producers, and considering the Company‘s initiatives to broaden its participation into more working interests in high potential pays, we classify the shares in our SPECULATIVE BUY rating category. Our 12-month target price is pegged at $2.50 (12 PE multiple on our FY2011 EPS of 15c) based on our expectation that Norex Energy can establish a steady pace of adding new reserves and ramp annual production above 12000 Mcfd by FY2011.

THE COMPANY
Norex Energy (Northern Explorations Ltd.) (OTC BB: NXPN) is an early stage company engaged in the exploration, acquisition and development of resource projects, currently focused on natural gas as its primary endeavor. The Company is working rapidly towards announcements of negotiations with suitable vendors. Norex was founded on November 17, 2004. The company is duly incorporated in the State of Nevada.
Norex Energy (Northern Explorations Ltd.) is devoted to the careful identification and acquisition of high quality opportunities in the natural gas sector. The company plans to provide shareholder value through the assembly of asset and property combinations which will include exploratory promise, ongoing production, in-place infrastructure, growth potential and the ability to offer both short term returns as well as significant value over the long term.
Norex is pursuing exploration and development projects in both California and in Alberta, Canada. The US projects are located near Sacramento in California's Central Valley, a region that contains most of California's current and historic gas production. California currently produces only 15% of its total natural gas requirements and imports the remainder from surrounding states and as far a field as Canada. In the Sacramento area alone, the largest user of locally produced natural gas is the electrical utilities and even with the recent economic slowdown in the State, electrical consumption remains extremely high. The State of California itself is estimated to be the world's eighth largest economy and is a prolific consumer of natural gas. As a result, natural gas pricing in California is consistently some of the highest in the country with PG&E Citygate prices currently in the $5.00 per Mcf range.
Norex completed the execution of a formal purchase and sale agreement towards the acquisition of the aforementioned gas plays following its filing of documents. Following this deal, Norex acquired a majority working interest in these projects, which show a potential to contain up to a combined total of 50 BCF gas. Norex believes that the project, if proven to be commercially viable, may represent a venture with an in-situ value of greater than $50 million in contained gas to a majority working interest partner. Company management sees the company as well positioned in terms of its regional operations and feels that all participants and stakeholders in the industry should be heartened by the new "green" agenda and "green energy" focus that the Obama Administration is implementing. Norex specifically believes that its California natural gas development project meets the criteria under discussion at the Federal level and should benefit and flourish within the framework of any future initiatives and programs.
The two-fold benefit and opportunity of natural gas is straight-forward and easy to understand. Domestic U.S. production of natural gas will assist in breaking the cycle of dependence on foreign oil and help provide clean energy that will reduce the carbon emissions of power plants across the country. Norex believes that its aggressive focus on natural gas exploration and development will ensure the Company has a role to play in the overall strategy of the domestic industry's growth as part of the new administration's energy policy for the nation.
Norex is currently reviewing a portfolio of wind energy projects located in the well documented Texas and Wyoming wind corridor. The proposed projects bring together a variety of advanced and early stage opportunities thereby allowing Norex the ability to develop projects encompassing a mix of project development stages from permitting and licensing through to near completion. As part of its overall strategy the Company aims to acquire assets that are near term in regards to a potential revenue stream.
Norex is working with an industry group that brings a reliable history in the wind energy sector as regards the management of operations and logistics as well as access to state and federal government contacts and procedures. Norex's strategic plan is focused on the rapid development of an effectively managed and convergent "green energy" company offering an aligned portfolio of both natural gas and wind power assets.
The wind corridor runs from northern Texas through Wyoming to the Canadian border. The Texas panhandle is one of the premier wind energy corridors in the United States due to the low-lying topography, constant wind velocity and favorable access to transmission infrastructure. Texas has consolidated its lead over California as the nation's number one wind power State based on installed capacity. In total, Texas wind farms now generate more than 4,300 Megawatts of wind power providing enough energy to serve 1.5 million homes. An extensive Department of Energy study in 2007 said that building wind-based electrical generation capacity in the corridor could provide up to 20 percent of the U.S. power needs and create a potential for 138,000 new jobs in the first year with up to 3.4 million jobs over a 10-year span as the industry matures.
As an added incentive, the recent American Recovery and Reinvestment Act of 2009 signed into law by President Obama, offers extensive provisions for wind power via government incentives and tax breaks for renewable energy companies which include a 3-year Production Tax Credit (PTC) extension through the end of 2012, an option to elect a 30% Investment Tax Credit (ITC) in place of the PTC and a new $6 billion Department of Energy renewable energy and transmission loan guarantee program, which should fund around $60 billion in principal amount of guaranteed loans. Additionally, the Western Area Power Administration was granted the authority to borrow up to $3.25 billion from the Treasury to build renewable transmission lines in the western United States, including western Texas.
Norex’s common shares are listed for trading on the electronic over-the-counter bulletin board (OTCBB) market in the United States and trades under the ticker symbol “NXPN.”

[Kash Jackson]

OIL & GAS PROPERTIES
Norex has executed an agreement whereby the Company will acquire over a 60-day period certain assets in Alberta, Canada that include a 49% interest in a natural gas processing and compression facility, natural gas pipeline, additional infrastructure and certain lands associated to the infrastructure from Dominus Energy AG. The Alberta project has been reviewed in detail by the Company over a 60-day due diligence period and is found to have the potential to contain over 8 BCF of natural gas. The Company also has the option to obtain the remaining 51% interest from the owner over a 2-year period.
In early February 2009, Norex Energy entered into a 50% working interest agreement in two California gas projects in the Central Valley of California. The Company is now working with the operators towards finalizing the planning of the first two gas wells for the 2009 development program which is targeted for drilling to commence in June and for the second well in July. The Company paid $376,692 in full for the acquisition of this 50% working interest in two California gas projects. Norex has advanced the aforementioned funds covering prospect fees, seismic costs and land lease acquisition costs to the vendor through a Swiss financing group. Norex Energy is now working with the operators towards finalizing the planning of the first two gas wells for the 2009 development program.
The two projects are located in a region of California that contains some of the most prolific gas reservoirs in the Sacramento Valley accounting for over 400 BCF of gas production to date. In proximity to the prospects are prolific gas fields such as Union Island (271 BCF), McMullin Ranch (63 BCF) and Vernalis (103 BCF). Wells in these fields exhibit long life and stable rates of production and decline.
The first gas well is planned to target seismic data that indicates 50 feet of pay zone thickness at an 8,000 foot depth. If the sands are 100% gas filled and the well is commercially viable, the first well has a projected initial production rate of 5,000 Mcf/day. Analog wells to the field produce at rates of 2,000 to 4,000 Mcf per day. At January 30th PG&E-Citygate gas prices of $4.87, a 4,000 Mcf per day well would deliver cash flow exceeding $500,000 per month. Norex believes that the project, if proven to be commercially viable, may represent a venture with an in-situ value of greater than $50 million in contained gas to a majority working interest partner.
 Southern Alberta – Canada
This Norex acquisition is located in Southern Alberta in close proximity to the Montana border. The facilities and installation consist of 6 miles of 6-inch high-pressure sour pipeline tested to operate at 1200 P.S.I. There are also 3.5 miles of 3-inch poly pipeline for produced water and a 2-inch poly pipeline for fuel gas. The natural gas pipelines connect to a major trunk line operated by EnCana which extend out towards three gas wells ready for tie-in. Norex is currently undertaking plans to tie-in these gas wells.
The plant is situated on a secondary road and includes water tanks, a flare knock out tank and a flare stack. The facility is capable of treating sour gas by way of a chemical sweetening unit that can currently process gas volumes at 3 million cubic feet per day. The low-pressure system of the gas plant that is used for processing the low-pressure sweet gas has a dual separator unit that can be used for two shallow gas wells. Flow rates of both treated sour gas and sweet gas is identified using a dedicated metering unit. All the units in the plant are connected by an ABB RTU that monitors the volumes of sales gas, produced water, fuel gas and the sour gas analyzer unit connected to the (chem.-sweet) sour treating unit. The RTU gives the plant 24 hour monitoring capability via a wireless communications link. All units in the plant are connected by a modular piping utilidor that gives the plant ease of expandability without the need for a plant shutdown. This system allows for uninterrupted future development and expansion of the facility's gas processing capacity to over 15 million cubic feet per day.
Constructed in 2004, the gas plant is capable of processing sour gas by regenerative solution, as well as sweet gas compression, gas metering and water storage. The facility is a key strategic element to the downstream regional production of gas from the pipeline.
Norex Energy announced that the Company will acquire the above petroleum related assets in Alberta, Canada that include a 49% interest in this natural gas processing and compression facility; natural gas pipeline, additional infrastructure and certain lands associated to the infrastructure. This project has been found to have the potential to contain over 8 BCF of natural gas. The Company also has the option to obtain the remaining 51% interest from the owner over a 2-year period.
Norex Energy announced in late January 2009 that its intention to preparing to tie-in the initial gas well in its Southern Alberta Gas Project, in conjunction with its field operator. The well has two commercially viable and productive zones of natural gas currently shut in with gas behind pipe.

The completed gas well was drilled in 2004 and produced exceptional well tests performed by Well Test Specialists of Calgary, Alberta. Norex and the operator, following a short 2-mile connection and tie-in to the gas plant, anticipate plant start up and production over the next 60 days. Norex anticipates that it will commence commercial production before the second quarter of 2009 and begin generating revenue shortly thereafter, of which Norex holds a 49% working interest with an option to acquire the additional 51%. All gas reservoirs have good permeability and porosity and could produce 3.2 million cubic feet (Mmcf) per day to the gas plant. At today's gas prices when the project is fully developed, 3.2 Mmcf would equate to production valued at approximately $4.9 million on an annualized basis. The gas will be processed at the plant facilities with an overall throughput capacity of 15 Mmcf per day. The plant processes sour gas by a non-regenerative solution, with sweet gas compression, metering and water storage capabilities. The Company's 6-inch pipeline connects with Encana's trunk (sales) line and also extends towards the aforementioned well tie-in.

Aww heck, here's the link. Read it for yourself if interested lol. Lots of info in it. http://www.otclive.com/NXPN_Initiation_Report.pdf

[Kash Jackson]

http://finance.yahoo.com/news/Northern-Explorations-Signs-iw-15387026.html

Northern Explorations Signs MOU to Acquire West Texas Natural Gas Interests

* On Friday May 29, 2009, 4:15 pm EDT

SCOTTSDALE, AZ--(MARKET WIRE)--May 29, 2009 -- Northern Explorations Ltd. (OTC BB:NXPN.OB - News) ("Northern," "Norex" or the "Company") is pleased to announce it has entered into an agreement with Swiss-based resource management corporation Dominus Energy AG whereby Norex intends to secure a percentage interest of Dominus' working interest in a large, gas production play located in West Texas.

The Texas Gas Project currently consists of 22 existing production gas wells located adjacent to the town of Ozona in Crockett County, Texas. The project encompasses 12,900 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration.

Norex President, Mark Schaftlein comments, "We are very pleased to enter into this agreement. This addition to our portfolio is extremely positive and an excellent fit that will rapidly enhance our corporate goals towards becoming an innovative producer of clean energy solutions for America. We anticipate that we should be able to announce a formal purchase and sale agreement shortly. Further announcements will be made as quickly as they become available."

The Company is a reporting issuer which provides public disclosure under the Securities Exchange Act of 1934. Complete details of our agreements will be filed as required by law and made available to the public under the auspices of the Securities and Exchange Commission (SEC).

ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTC BB:NXPN.OB - News)

Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired a majority working interests in natural gas assets located in California and Alberta, Canada which have the combined potential to contain 16 BCF gas along with associated plant, pipeline and infrastructure.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


ON BEHALF OF THE BOARD
Norex Energy (Northern Explorations Ltd.)
- - - - - - - - - - - - - - - - - -
David Naylor, CFO

To find out more about Norex Energy or Northern Explorations Ltd. (OTC BB:NXPN.OB - News), visit our website at www.norexenergyinc.com.
Contact:

Contact:
Northern Explorations Ltd.
Information: 1-(866) 570-9822
http://www.norexenergyinc.com

[ashleydoit]

NXPN if the news came out on this last Friday. This small cap stock could be doing well this coming week I will put it on my radar.

[ronaldsalem]

NXPN another Bulletin Board small cap one eh?? KASH I will check this one out. Have to see it on Level II I will let you know what I think.

[kingrichards]

NXPN look like it had a nice last week. KASH do you know if there are news coming out next week? Hope not alot of people taking profit next week with out any news...know what I mean?

[Kash Jackson]

NXPN look like it had a nice last week. KASH do you know if there are news coming out next week? Hope not alot of people taking profit next week with out any news...know what I mean?

Not sure if any news is due out for next week or not king. Had after hours news on Friday, so I'm thinking that could provide a nice trade opportunity at least. But like RonaldSalem said, watch Level II and see how it looks and go from there. Looked like some solid news to me. BTW, I do not hold a position here as of now. I'll be watching for a possible entry on Monday.

[Socalgal]

I am with Ron I will be up early for this one tomorrow to see if it is moving, I like this one so far.