Weekly Drilling Report

24 Aug 2005 08:17

Wednesday 24 August 2005 Northern Petroleum Plc Weekly Drilling Report Sandhills-2 - Isle of Wight The Sandhills-2 appraisal well in PEDL 098 on the Isle of Wight has beencemented back to the 9 5/8" casing shoe at 2026 feet and the Sandhills-2Zsidetrack well commenced on 22 August. The well is currently drilling at 2360feet at 0700hrs today.Licence: PEDL 098Location: Wessex Basin, Isle of WightRig: BDF Rig 28Participants in the Sandhills-2 well are:Northern Petroleum (GB) Limited: 57.5%Magellan Petroleum (NT) Pty Limited: 22.5%Oil Quest Resources Plc: 7.5%Black Rock Resources (UK) Limited : 5.0%Montrose Industries Limited: 5.0%Oil & Gas Investments Limited: 2.5%For further information please contactNorthern Petroleum PlcDerek MusgroveTel: 020 7743 6080orHansard CommunicationsChris Roberts/Ben SimonsTel: 020 7245 1100ENDNORTHERN PETROLEUM PLC