Northern Petroleum PLC Issues drilling updatefor the Rovesti and Giove discoveries
- Interim findings indicate recoverable oil at the Adriatic Discoveries will be classified as 2C contingent resource rather than 2P reserves
- Northern has historically booked 53.2 million barrels of 2P reserves to the Adriatic Discoveries, based on a report presented by Blackwatch Petroleum Services Limited in 2007. The total net 2C resources attributed to the Adriatic Discoveries by ERCE is 30.2 million barrels, with 25.8 million barrels attributed to the Giove discovery and 4.4 million barrels to the Rovesti discovery.
- Has also been unofficially informed that the Italian Environmental Minister has requested further information from the Environment Ministry technical committee in relation to the proposed 3D seismic surveys over the Southern Adriatic permits
- Has also been unofficially informed that the Italian Environmental Minister has requested further information from the Environment Ministry technical committee in relation to the proposed 3D seismic surveys over the Southern Adriatic permits