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

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

Yes it is a share consolidation 1 new share for 5 old shares.
DB66

Consolidation 5/1.

They've done a five to one. So multiply the price by 5 and divide your shareholding by 5.

What are the benefits of share consolidation?
DB66

Because there are now less shares in issue, the SP will move more readily on news

Thanks Master, well this share hasn`t done to bad so far , so with consolidation it might do even better? I look forward to that.
DB66

Hi All,

Yeah, I wasn't quite awake this morning, forgot all about the share consolidation !

Cheers,
PM

Niels
Any news/pictures from the drill site today.

Hi All,

I saw somewhere that it would take 31 days to drill, but the update last Wednesday suggested to me that they were well ahead of that, anyone else looked at the figures for depth required, and depth attained last wednesday ??

Cheers,
PM

See my recent post 219, target depth expected to be reached tomorrow (tuesday)

The Master, pics today or tomorrow.

The Master Hi,

Thats sort of what I was thinking, so there could be an update tomorrow, or just the standard one on Wednesday, and then we might know if they have hit oil.

Cheers,
PM