Northern Strikes Oil at Markwells Wood Well

Northern has encountered live oil in the Markwells Wood-1 well in the primary reservoir target. A core was taken and the well drilled to 4584 feet sub-sea level, and various logging tools are being run to aid the assessment of results. There will be no further comment until log evaluation is complete.

Tiendeveen-1 Update

In The Netherlands a hydraulic fracturing (fraccing) and test program has been completed on the Tiendeveen-1 well. Fraccing and testing resulted in gas being produced but not at economic rates. The well is being suspended for further evaluation.

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Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
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