Sandhills-2 update
Northern Petroleum Plc announce that the augering operation was completed at the Sandhills-2 appraisal site as planned. The 14-inch conductor casing was run to 67.5 feet below ground level in anticipation of the arrival of the BDF #28 drilling rig.
Once the drilling operations have begun it is planned that progress reports will be issued at 09.30 hours each Wednesday. Should anything significant and material occur a release will be made in accordance with AIM Regulations.
Joint venture partners are:
|
Northern Petroleum (GB) Ltd |
57.5 % |
|
Magellan Petroleum (N.T.) Pty Ltd |
22.5% |
|
Montrose Industries Ltd |
5 % |
|
Black Rock Resources (UK) Ltd |
5% |
|
Oil Quest Resources Plc |
7.5% |
|
Oil and Gas Investments Ltd |
2.5% |
For further information please contact:
Derek Musgrove/Graham Heard
Northern Petroleum
Tel. 020 7743 6080
Ben Simons/Chris Roberts
Hansard Communications
Tel. 020 7245 1100