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Northern Petroleum Plc

Northern Petroleum Plc is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.

Weekly drilling report: Sandhills-2 - Isle of Wight

10.08.05

The Sandhills-2 appraisal well in PEDL 098 on the Isle of Wight is at a measured depth of 2750 feet at 07:00 hours today 10th August. Having set 9 5/8” casing to 2026 feet the well is drilling ahead in a 8½" hole.

Licence: PEDL 098
Location: Wessex Basin, Isle of Wight.
Rig: BDF Rig 28

Participants in the Sandhills-2 well are:

Northern Petroleum (GB) Ltd

57.5%

Magellan Petroleum (N.T) Pty Ltd

22.5%

Oil Quest Resources Plc

7.5%

Black Rock Resources (UK) Ltd

5.0%

Montrose Industries

5.0%

Oil and Gas Investments Ltd

2.5%

For further information, please contact:

Northern Petroleum Plc
Graham Heard, Exploration Manager
Chris Foss, Company Secretary
Tel: 020 7743 6080

Hansard Communications
Chris Roberts/Ben Simons
Tel: 020 7245 1100

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