looks like its hit oil, don't know whats gonna happen, any idea's ???

Today I was nearly arrested by this guy (who was very nice and doing his job):

Click for pic

Fortunately DM came to my rescue, and I took the following picture. As you can see the rig is now up. Pending final testing drilling should start next week.

Click for pic

NJ, my connection is slower than my finger on the BUY button, please post pictures as links. Did I read earlier that NAV 50p?
Nearly bought early July but went on hols and then read about delays, should have taken advantage of drop then, typical of me, have I missed the boat?

Andy, OK I'll place links to hi-res and low-res pics next time.

No, you did not miss the boat. Even buying now makes sense. However, if the IoW results are bad the sp may drop sharply because people panic. This would be a great time to buy more. In any event the present cap is way lower than the confirmed assets. On the other hand, if there is more oil than anticipated the price will rocket. Remember, Sandhills is not exploration, it's assesment; it is known there is oil there (well, one click away), it's just a question of how much and of what quality.

not to comfortable abought consolidation,may transfer my investment to ati,as i dont think that the iow will bring that much attension to the institutes, and further more this will cause a dip in sp until further news from holland and italy on the other hand ati willbe floating on aim shortly and at present on ofex,imn sure this will move in the right direction, rob peter pay paul

Cant see a dip onone, its finally happenning. Whether they find anything commercial, well thats another matter.




Good puff piece spotted by besbury over on advfn.


Gushers ahoy at Isle of Wight
By Sylvia Pfeifer (Filed: 31/07/2005)
http://www.portal.telegraph.co.uk/money/main.jhtml?xml=/money/2005/07/31/cnoil31.xml&menuId=242&sSheet=/money/2005/07/31/ixcity.html

The Isle of Wight, better known for its sandy beaches and famous sailing regatta, could soon be able to add another string to its bow - as Britain's next oil province, writes Sylvia Pfeifer.

Northern Petroleum, the Aim-listed oil and gas explorer, will today start to drill its first well on the island's Sandhills licence area, two miles from the coast between Yarmouth and Newport. Estimates suggest Northern's licence area could have reserves of as much as 156m barrels of oil. Production from onshore oil and gas fields in Britain is tiny compared with the vast amounts still being pumped from the North Sea.

However, better technology, combined with high oil prices, has sparked a revival of the onshore industry in recent years. Britain's first onshore well was drilled in Derbyshire in 1918, but activity didn't take off until the 1930s.

The Second World War effort also played a major part in developing the industry.

Read this

Neils:- Suggest that you have another look at Sandhills!!!

Ticked up, due to expected RNS confirming drill spud at Sandhills

Well here it is, and second well to be drill in Yarmouth

Immediate Release: 1 August 2005

Northern Petroleum Plc

('Northern')

Sandhills-2 commences drilling

Northern Petroleum Plc ('Northern') announces that drilling commenced at the
Sandhills-2 well on 1st August 2005. The well is located in PEDL 098 at
co-ordinates OS 446150 E, 089815 N and has a planned total measured depth of
4167 feet. The primary target is the Great Oolite and the reserve potential is
evaluated at being in the range of 10 to 50 million barrels recoverable.

Following the drilling of Sandhills-2 the rig will be moved to the Bouldnor
Copse-1 well site near Yarmouth on the Isle of Wight to drill both a structure
at the Great Oolite level and a deeper and potentially larger exploration
prospect in the Triassic Sherwood Sandstone on licence PEDL 089 with a reserve
potential of 90 to 140 million barrels recoverable.

PEDL 098 partners are

Northern Petroleum (GB) Limited 57.5%

Black Rock Resources (UK) Limited 5.0%

Magellan Petroleum (N.T) Pty Limited 22.5%

Oil Quest Resources Plc 7.5%

Oil and Gas Investments Limited 2.5%

Montrose Industries Limited 5.0%

PEDL 089(A) partners are

Northern Petroleum (GB) Limited 70%

Wessex Exploration Limited 20%

Oil Quest Resources Plc 10%

-Ends-

For further information contact:

Derek Musgrove

Northern Petroleum

Tel. 020 7743 6080

Chris Roberts

Hansard Communication

Tel. 020 7245 1100

Great news timed it well today, we be updated news every Weds.

Posted by Dave IR on the iii board.

"Nice piece just now on Meridian Tonight ( ITV ) with Fred Dinenage introducing an item on NOP drilling on the island.

They inverviewed Graham Herd of NOP, who basically said that if they discover recoverable oil, the site would only contain small surface buildings and no oil rig. He mentioned a 'transport system' which I would have thought would be a very short pipe across the Solent to Fawley?

Good to see the drill turning and lots of bods working hard :-)

The coverage/item may appear on the meridian website:
www.meridiantv.co.uk"

Fred Dinage finding out HOW they do it. Great Bloke!

Wednesday 3rd 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 is at a depth
of 1250 feet at 07:00 hours today 3rd August and is drilling ahead.

Licence: PEDL 098

Location: Wessex Basin, Isle of Wight,.

Rig: BDF Rig 28

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 - 5.0%

Oil and Gas Investments Limited - 2.5%

For further information please contact

Northern Petroleum Plc

Derek Musgrove

Tel: 020 7743 6080

or

Hansard Communications

Ben Simons

Tel: 020 7245 1100

Quoted on Meridian TV News last night that drilling now at 2000ft, which I calculate that the prospected drill depth will be reached on Tuesday next week.
Apparently the whole population of the IoW is waiting in antisipation.

What the hell was NOP marked up 423% for ???????????????????

Cheers,
PM

Must be all in bed paul, have not got a clue.

Market makers anticipation ????????? SD

Share re-organisation

As pt says it's share re-organisation 1 new share for every 5 old ones.

Thats what i want to know Paul ,i know they are having a share consolidation but i didn`t think that came into effect untill September?
DB66