Northern Petroleum Plc) provides the following update on the previously announced testing programme designed to evaluate the production potential of the leases acquired by the Company in northern Alberta, Canada, in the first quarter of 2013.

Since acquiring the acreage, the Company has purchased and interpreted 19 square kilometres of 3D seismic data. This analysis has increased the number and type of drilling opportunities available on the land. These opportunities include the identification of undrilled reef structures as well as reefs which may benefit from drilling up-structure from the previous entry point.

As a result of this work, the Company is now sufficiently confident to extend the proof of concept programme to include a possible side track and a new well alongside the re-entries. Rig tenders are currently being evaluated for this programme.

Tags: Northern Petroleum