Sicily drill decision imminent

Northern Petroleum and its partner Shell Italia will decide before end-March whether to drill in their Thrust and Fold Belt permits offshore Sicily.

Offshore staff

LONDON --Northern Petroleum and its partner Shell Italia will decide before end-March whether to drill in their Thrust and Fold Belt permits offshore Sicily.

Permits CR146 has a prospect with estimated resources of 1 Bbbl-plus.

Northern adds that the CR147 permit has been made more attractive by ADX Energy’s recent announcement of the Lambouka in nearby Tunisian waters.

The farm-out process for both permits continues.

12/28/2010

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