11 July 2007
Oil Flow Testing – Ottoland-1 (sidetrack): Progress Report
Northern announces that it has been undertaking a series of oil flow rate tests since July 6th. The tests have yielded oil at unstabilised flow rates measured in excess of 1000 bopd.
The oil at present has been analysed as flowing from only a limited portion of the reservoir intersection and operations have been re-started to “clean up” drilling material from the further extent of the horizontal intersection.
Encouragingly the gas oil ratio (GOR) encountered to date appears to be low. The crude has been provisionally analysed as 33° API.
Derek Musgrove, Managing Director of Northern, stated:
“No conclusion should be drawn at this stage except that the well is flowing oil at encouraging rates and we are undertaking clean up operations to improve it. Testing is ongoing”.
In accordance with the AIM Rules – Guidance for Mining and Oil & Gas Companies, the information contained in this announcement has been reviewed and signed off by the Exploration and Technical Director of Northern, Mr Graham Heard CGeol FGS, who has over 30 years experience as a petroleum geologist.
For further information please contact:
Northern Petroleum Plc
Derek Musgrove, Managing Director
Chris Foss, Finance Director
Graham Heard, Exploration and Technical Director
Tel: +44 (0)20 7743 6080
Investec
Michael Anstell / Paul Brett
Tel: +44 (0)20 7597 5000
Panmure Gordon & Co
Katherine Roe / Ashton Clanfield
Tel: +44 (0)20 7459 3600
Bishopsgate Communications Limited
Maxine Barnes / Nick Rome
Tel: +44 (0) 20 7562 3350
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