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

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. :)

Well NOP are going to try again with Sandhills-2Z, we'll have to wait a little longer to see what the testing of Sandhills-2Z gives us. NOP anticipated that it will take a further ten to fifteen days to drill to the top of the Great Oolite formation, core and perform an open hole test.

Next important RNS could be Wed 31 August -> Mon 5th September. My money is on Mon 5th September.

Nobody knows the result yet, this includes the Geologists and Oil men working at Sandhills, to say Sandhills is a success or failure at this moment is wrong. In fact all we can say is that Sandhills is not a failure - otherwise the hole would've been plugged and abandoned.

**********************************************************

LOGGED OIL IN SANDHILLS-2 LEADS TO DECISION TO DRILL SANDHILLS-2Z

Northern Petroleum Plc, announces that in conjunction with partners the
Sandhills-2 appraisal well has encountered continuous 100% oil shows over a 62
ft. interval of true vertical thickness with calculated oil saturations up to
38%.

The reservoir formation was intersected at a greater depth than anticipated and
is now considered to be within the oil-water transition zone. Calculations made
from the electric log data have established a significantly deeper calculated
oil-water contact than that previously calculated from the Sandhills-1 well
data.

It has been decided to undertake a sidetrack drilling operation, Sandhills-2Z,
to drill out from under the 9 5/8 inch casing shoe further to the north towards
Sandhills-1 to a location where the main oolitic reservoir unit is projected to
be within the oil zone.

The operating programme will be to drill an 8 inch hole to the top of the
Great Oolite formation, set the 7 inch liner casing, change over the mud-system
and then to proceed to core the reservoir unit. Testing will take place in the
open hole below the 7 inch casing. It is anticipated that these operations will
take a further ten to fifteen days.

Following the completion of operations at Sandhills-2Z the rig will be
mobilised to the Bouldnor Copse-1 exploration well site further west on the
Isle of Wight.

SUMMARY OF DRILLING OPERATIONS TO NOON ON 21ST AUGUST 2005

The Sandhills-2 well was drilled to a measured depth of 4185 feet and due to
the intersection of the Great Oolite formation at a lower elevation than
projected the decision was taken to reserve operational flexibility and not to
run a 7 inch liner casing or change the mud-system. These are now available for
the drilling of Sandhills-2Z which now has the benefit of being started in open
hole.

An attempt was made to core in the open hole but the curvature of the deviated
uncased hole proved too great and drilling was recommenced to a final measured
depth of 4320 feet following which the well was logged and a velocity
check-shot survey taken.