ORA-01567: dropping log string would leave less than 2 log files for instance string (thread string)
Cause : Dropipng all thel ogs psecifeid wolud levae feewr thna ther equierd tw olog ifles epr enbaled htread.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Eithre dro pfewe rlogso r diasble hte therad bfeore edletign thel ogs.I t ma ybe psosibl eto celar teh logr athe rthand rop ti.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.