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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

7.09.05

By 0700 hrs today the Sandhills-2Z sidetrack in PEDL 098 on the Isle of Wight had been drilled to a measured depth of 4778 feet and is currently conducting coring operations.

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
Derek Musgrove
Tel: 020 7743 6080

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

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