Northern Petroleum Plc

July 10, 2009 02:00 ET

Additional Listing

                                                                                               10 July 2009

                                          Northern Petroleum Plc
                                            Additional Listing

The  Company  announces that, following the exercise of warrants at 68.5 pence per share to  subscribe  for
ordinary  shares on 9 July by an employee, it has made an application pursuant to the authority granted  on
30  June  2008  for  the admission of 20,000 ordinary shares of 5 pence each to trading on  AIM.  Each  new
ordinary  share  will  rank pari passu with existing ordinary shares. Following the  admission,  the  total
number of ordinary shares in issue will be 78,860,326.

It is expected that dealings in the said shares will commence on 16 July 2009.


For further information please contact:

Northern Petroleum Plc                                      Tel: +44 (0) 20 7469 2900
Chris Foss, Finance 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:

Following  completion of the acquisition of ATI Oil Plc, Northern Petroleum Plc (Northern) has  recoverable
Proven  and  Probable  reserves of approximately 103 million barrels of oil equivalence.  It  is  currently
producing gas at Waalwijk and the offshore P12 fields.

The  planned development of six onshore oil and gas fields is being progressed with Dyas B.V. and  EBN, the
Netherlands' state oil  and NAM as partners.

In  2008  Northern  sold its interest in the Waalwijk Underground Gas Storage project  application  for  an
overall consideration of £10 million.

Northern  manages the largest licensed exploration area in Italy, over 14,000 km², predominantly  offshore,
but  includes six licences in the Po Valley oil and gas province in the north of the country.  Through  its
holdings  in licences in the southern Adriatic covering the Rovesti and Giove oil discoveries  it  has  net
Probable  oil  reserves independently assessed at 53.2 million barrels recoverable. In  2008   a  deal  was
signed  with Shell Italia refunding Northern's past costs and providing for Shell Italia to fund  the  next
phases  of  exploration  of  a potential new oil province in the extension of the  Apennine  thrust  system
offshore Sicily.

In  the  UK  Northern is also a significant holder of licences in the south of England where it has  a  10%
interest in the production from the Horndean oil field and a 5% interest in the Avington oil field. It also
has  planning consents to drill 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

Contact Information

  • Northern Petroleum Plc