News

June 08, 2009

Northern Petroleum Has An Exploration Well Hiccup But Ploughs On With Developing Its Dutch Assets

Results from the latest exploration drilling in one Northern Petroleum’s core areas, the Netherlands, has been disappointing. The AIM listed group has just reported that that the Nieuwendijk-1 exploration well on the Andel III licence reached a total depth of 2677 metres having penetrated the primary Bunter sandstone reservoirs.

Encouragingly, significant oil shows to surface and substantial drilling fluid losses occurred during the drilling of this section. These have been evaluated by electrical logs and pressure tests, the results indicating that the levels of oil saturations are not sufficient to warrant significant costs of testing.

It is not all gloom. The results, along with other information obtained from the well, will be integrated into the interpretation of the area around the Ottoland and Brakel fields...