Northern Petroleum Plc
LSE : NOP

July 31, 2009 02:05 ET

Award of Italian Permits

                                                                                                        31 July 2009

                                                          
                                               Northern Petroleum Plc
                                                          
                                            ("Northern" or "the Company")
                                                          
                            Northern expands Italian Thrust Belt licence area by 897 km²

Northern  announces the preliminary award of two new offshore permits, d25G.R-.NP and d26G.R-.NP, covering  a  total
897 km² expanding its position in the Apennine-Maghreb Thrust Belt, which added to the six permits held jointly with
Shell  Italia  E&P  S.p.A  ("Shell"), total 5,267km². The interests are held through  its  wholly  owned  subsidiary
Northern Petroleum (UK) Limited ("NPUK") which holds the largest licensed exploration acreage in Italy.

The  awards  are  adjacent to the six permits offshore Sicily held jointly with Shell and also to  another  Northern
preliminary award d21G.R-.NP. "The preliminary awards are part of the oil producing Apennine-Maghrebian thrust  belt
extending under Italian waters west of Sicily. The geological elements there offer significant oil and gas potential
in  this  already  recognised province, similar to the large Val d'Agri fields in Southern Italy."  commented  Derek
Musgrove Managing Director, Northern Petroleum Plc. "The "Thrust Belt" is one of four core areas offshore Italy that
contain  some of the greatest medium and long term growth potential for the Company.  We have already mapped several
prospects  of  a  billion  barrels plus. These applications were a follow up to the results  from  reprocessing  and
mapping  of  our 2006 seismic survey. We, together with Shell, have subsequently moved forward on the  six  licences
with the recording of a further 2D seismic survey in 2009."

NPUK  will  now  prepare the required environmental reports and provide an update on the two  new  awards  following
completion.

For further information please contact:


Northern Petroleum Plc                                                Tel: +44 (0) 20 7469 2900
Derek Musgrove, Managing Director
Chris Foss, Finance Director
Graham Heard, Exploration & Technical Director
Sophie Hull, Head of Corporate Communications

Jefferies International                                               Tel: +44 (0) 20 7029 8000
Chris Snoxall / Schuyler Evans


Astaire Securities                                                    Tel: +44 (0) 20 7448 4400
Jerry Keen / Toby Gibbs

Bishopsgate Communications (Press)                                    Tel: +44 (0) 20 7562 3350
Nick Rome / Michael Kinirons

Buchanan Communications (Analysts)                                    Tel: +44 (0) 20 7466 5000
Tim Thompson / Ben Romney


Notes to Editors

Northern  is  an  AIM quoted oil and gas production, development, exploration and asset trading company  focused  on
petroleum  producing  areas  of  low political risk in Europe. The Company strategy is  to  obtain  significant  and
concentrated  licence positions then add value at reasonable risk utilising new ideas together  with  new  drilling,
seismic,  completion, field development and computer technologies to establish economic oil and gas production.  The
Company's activities are concentrated in three countries (Netherlands, Italy and England) with the risk spread  over
in  excess of 50 projects in 12 petroleum systems.  Following the recent acquisition of ATI Oil Plc, Northern  holds
over  103  million  barrels  of reported Proven & Probable Reserves. It has interests in 4  producing  fields,  both
onshore and offshore, one of which it manages.

In  The  Netherlands under Northern management the development of six onshore oil and gas fields is being progressed
with Dyas B.V., EBN, the Netherlands' state oil company, and NAM.

Northern  currently manages the largest licensed exploration area in Italy, over 14,000 km², predominantly offshore,
but includes six onshore permits in the Po Valley gas and oil province in the north of the country.

UK  production comes from a 10% interest in the Horndean oil field and a 5% interest in the Avington oil field, both
in  Hampshire. It also has planning consents to drill in the near future an eastward extension of the  Horndean  oil
field and an exploration well at Havant. Northern has a 50% interest in these ventures.

For further information on Northern visit www.northpet.com.


Contact Information

  • Northern Petroleum Plc