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

News hasn't leaked .... has it ????

My take on the small rise, is because of this mornings announcement on the Dutch deal.

I don't see how they could have drilled and cased so far, so quick, it's still going to hit the spot next Wednesday or Thursday ....

Cheers,
PM

I will keep watch of the local Meridian TV news, should they report this weekend

I just cannot stand the wait..................

Sit down then .... LOL !

Anyone know whats up this morning cause it aint NOP

Market makers Marking down prices for investors to sell, Automatic stop losses triggered and dont forget news due tommorow which always makes investors jittery.

No more local news on Meridian TV last few days, we will have to wait for the weekly RNS out tomorrow, unless someone heard otherwise.

Moving up SP to the close, expect BLR to move as well.

Well sit tight and wait for the news due within the hour, hold on to your hat and your balls just in case.

I really hope there is recoverable oil in the hole then all the balless b--tards that have sold this morning won't be able to buy them back quickly enough.

I think another update is due very soon!

Whys that then? Spill the beans. Have you heard something we haven't or is it just a feeling? Don't understand the sell off. Thought the update was just saying that work was on schedule, or did I miss something?
Alan

Northern Petroleum Plc

Weekly Drilling Report

Sandhills-2 - Isle of Wight

The Sandhills-2 appraisal well in PEDL 098 on the Isle of Wight has reached a
measured depth of 4185 feet at 07:00 hours today 17th August and preparations
to commence coring are underway.

Licence: PEDL 098

Location: Wessex Basin, Isle of Wight

Rig: BDF Rig 28

Participants in the Sandhills-2 well are:

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 Limited: 5.0%

Oil & Gas Investments Limited: 2.5%

For further information please contact

Northern Petroleum Plc

Derek Musgrove

Tel: 020 7743 6080

or

Hansard Communications

Chris Roberts/Ben Simons

Tel: 020 7245 1100


Not really much news. Ought not to have had much impact in the share price. However it is a bad day for the oil sector overall. So no need to panic.

K******

Sent email to the company this morning and just received following reply:

Mr ######

Northern has no other updates at present. As soon as anything material happens, we will, as we must by Stock Exchange Rules issue a further release.

Regards

Gillian Hunt

From: ######@####.org [mailto:######@####.org]
Sent: Wed 17/08/2005 10:49
To: Gillian Hunt
Subject: Today's Sandhills Drilling Report

Reference today's drill report issued for the Sandhills site on the IoW.
Would appreciate if you could confirm if any hydrocarbons were encountered at the well target depth.

Regards
########

So thats a NO then.

MS

No, it's not a "no"; it's more like a "we don't know yet, and we are still interpreting results and evaluating options". Wait a week and perhaps you'd be surprised.

FINESS on ADVFN has visited the Sandhills site recently, apparently there is a Ford vehicle on site with a company name of REEVE. Reeve is a wireline logging company.

http://www.reeves-wireline.com
http://www.reeves-wireline.com/animationsw2/shuttle_reamershoe.swf

Why log if no traces detected while drilling? If logging is being carried out then one outcome of this logging will be a measure of the interval depth over which any hydrocarbons were found. I believe this result would be financially sensitive and as such would be RNSed. So there is a good chance of an RNS from NOP on Monday. According to rogerinns on ADVFN "logging results should be available very quickly ... I would anticipate a RNS on Monday hopefully saying that hyrocarbons have been encountered over such and such a depth and that preparions are now in hand to flow test the well."

http://www.advfn.com/cmn/fbb/thread.php3?id=3133083&from=11358&to=11359

Read section 6 in chapter: Nature of the industry":

http://www.bls.gov/oco/cg/cgs005.htm

Make of it what you will...

Nobody knew last week if Sandhills-2 was a success or even found hydrocarbons, to blatantly say the oil well was dry was wrong. However, if logging is being done and if stem test is to be done then next week will be different. Will it be a company maker for NOP? Will the well be plugged or completed?

NB:

Plugged = bad
Completed = good

Obviously managemet cannot comment until they know for sure. My bet is for completion. :)