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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nevada Organic Phosphate Inc | CSE:NOP | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -16.67% | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 4,075 | 16:48:44 |
RNS Number:7003N Northern Petroleum PLC 18 July 2003 Embargoed 0700hrs 18 July 2003 Northern Petroleum Plc ("Northern") Commencement of Drilling Northern Petroleum Plc ("Northern") announces the commencement of drilling of Avington-2 near the Stockbridge oil field close to Winchester. The objective of the well is to test the oil found in the Jurassic Great Oolite reservoir during the drilling of Avington-1 in 1987. The well will be drilled in two stages. Initially, a deviated hole will be drilled to a target depth of about 1285 metres (4220 feet) below surface to provide reservoir information in order that an election may be made to drill a horizontal completion hole of some 610 metres, (2000 feet), to optimize production from the well. The well is expected to take 25 to 30 days to completion. Northern Petroleum (GB) Limited has a 5% interest in the well subject to the granting of approvals from the Secretary of State for Industry. Pentex Oil UK Limited, the Operator, has a 50% interest and the other partners are Egdon Resources (U.K.) Limited with a 20% interest, YCI Resources Limited with a 16.67% interest and Sterling Resources (UK) Limited with an 8.333%. Northern also holds options from Sterling Resources (UK) Limited which expire on 31st August 2003 to acquire, at cost, 5% of the adjacent PEDL 069 and PEDL 110 licences. -Ends- For further information please contact, Derek Musgrove, Managing Director Graham Heard, Exploration Manager 020 7743 6080 Chris Roberts / Ben Simons Hansard Communications 020 7245 1100 / 0771 309 0135 This information is provided by RNS The company news service from the London Stock Exchange END DRLNKOKPOBKDFOD
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