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

I am in a good position to see (physically) when drilling occurs in Hedge End M27 junction. It is not yet happening. Any ideas as to when?

Does anyone have any ideas as to why the sp has been creeping up over the past weeks?

NP

I think there is announcent on the Italy drilling report which is coming soon.

hence the large number of trades recently

Cheers guys

NP

np1009440, do you have a big holding??

enough to keep things interesting - 40000.

Bouldnor Copse drilling: approval recommended! (conditionally... the decision is made by a committee which meets next Tuesday evening 26th Oct)

http://www.iwight.com/council/committees/Mod-development_control/26-10-04/paper%20B1.htm

Company info suggests they will drill Sandhills-2 (already approved) and Bouldnor Copse-1 back to back, so this approval is the key to early progress at a guess.

Lets see if this kicks off another rally... last time I predicted a 5th wave, still could happen near term IMHO

At last things have been very quiet of late - I was dying for some news. Blue today!

Any news on planning permission?

More oil testing approved
Northern Petroleum says it's being allowed to test for oil at another site on the Island. The company's plans for temporary drilling at Bouldnor Copse near Yarmouth have been approved by councillors tonight. A report from planning officers had recommended the plans could go ahead with a string of conditions to prevent environmental damage. Northern Petroleum already has permission to test for oil at a separate site near Porchfield.
Taken from Isle of Wight radio news. Hope rig is on the way there now!

Planning permission granted

http://www.uk-wire.com/cgi-bin/articles/20041027070000p203c.html

Pity no mention of drilling start date. Surely rig is lined up !

I heard the its probably January before they can start then will take 3/4 weeks to find out whats there.

Where did you hear this? Was it from Northern?

Nope from a friend who is usually correct, however at the end of the day is just rumour!

Thanks Janus, but I see no reason why this cannot go ahead sooner. Aberdeen Drilling Management should really have a rig in mind before now after NOP got Permission for Sandhills-2. I appreciate NOP can save costs by drilling both wells back to back but sourcing a rig for land drilling is not too hard to do in the UK as a few contractors around. NOP are certainly taking it step by step and I only hope I have the patience to hang in there although initially bought in at 2.5p and then again at 4p so tidy profit but would love to see them actually drill Sandhills as I see no reason why they will not hit oil and with the directional drilling which can go along the pay zone horizontally for fast payback I firmly believe they are on a winner. BG found oil and gas there in 82 and I cant believe it has disappeared. Comments please!

Have just read on ADVFN BB that it is January 2005 before spudding in first well. Janus your friend was right again!!

Buyers back in this am, fill your boots!

Now confirmed January drilling.

Northern Petroleum Plc

('Northern' or the 'Company')

Aggressive two well drilling programme on the Isle of Wight: timetable

The Bouldnor Copse-1 planning application allows Northern Petroleum to confirm
the timetable for two wells on the Isle of Wight.

Northern believe that the structures contain a potential 135 million barrels of
recoverable oil net to the company.

The Sandhills-2 well will be drilled as the first well in the programme and has
a primary target of the Great Oolite limestone which has been proven to be oil
bearing in the Sandhills-1 well drilled by British Gas in 1982, but untested at
the time of drilling.

The Great Oolite reservoir will be cored, logged and tested to establish oil
content and the productivity of the reservoir. Following initial testing a
decision will be made to either continue with a longer term testing programme
of the Great Oolite or continue to the deeper Sherwood sandstone target or
release the rig to drill Bouldnor Copse-1 and bring it back afterwards to
deepen the well to the Sherwood sandstone.

The Bouldnor Copse-1 well will be drilled following completion of operations at
Sandhills-2 and will be targeted at both the Great Oolite as a further
appraisal of this reservoir and deepened to the Sherwood sandstone to evaluate
this reservoir target. Testing operations will commence with an evaluation of
the Sherwood sandstone given encouragement from core and log analysis followed
by testing of the Great Oolite, if analysis indicates hydrocarbon saturation,
to enable a comparison to the results obtained at Sandhills-2.

Northern has issued tenders for site construction at the Sandhills-2 site and
has issued tenders for a rig for the two well drilling programme. Long lead
time items for both wells have already been ordered to meet the earliest spud
date. Site construction is expected to commence at the Sandhills site within 3
weeks and the earliest anticipated spud date for the first well is December
2004 or January 2005, thus avoiding operations through the festive season.

For further information please contact,

Derek Musgrove, Managing Director

Northern Petroleum Plc

Tel. 020 7743 6080

Ben Simons

Hansard Communications

Tel. 020 7245 1100

http://www.uk-wire.com/cgi-bin/articles/20041029070000pd604.html