ATI Oil Plc
LSE : ATIP

April 15, 2009 11:00 ET

Award of Licence Offshore Sicily

Embargoed for release: 1600 on 15 April 2009
                                                                                                      
                                                                       ISIN: GB00B04BP253/GBP/PLUS-exn
                                                   
                                              ATI Oil Plc
                                             Martin House
                                             5 Martin Lane
                                                London
                                               EC4R 0DP
                                                   
                                       Tel: +44 (0)20 7469 2940
                                       Fax: +44 (0)20 7469 2901
                                        Email: info@ati-oil.com
                                       Website: www.ati-oil.com

                                              ATI Oil Plc
                                        ("ATI" or "the Company")
                                                   
                                   Award of Licence Offshore Sicily
                                                   
ATI is pleased to advise shareholders that Northern Petroleum Plc ("Northern") announced earlier today
the  preliminary  award of an additional Italian offshore licence in which ATI has  a  50%  beneficial
interest.

The full text of the Northern release is as follows:

"Northern  Petroleum Plc announces that its wholly owned subsidiary, Northern Petroleum  (UK)  Limited
("Northern"),  has  been  advised of the preliminary award of offshore  Italian  licence  d351C.R-.NP,
covering  100 km². Northern has been invited to prepare the required environmental impact study  which
work will now commence.

The  award  is  adjacent  to offshore licence C.R146.NP, close to the Maltese maritime  boundary.  The
licence includes an extension to an existing mapped prospect within C.R146.NP.

Northern  holds  a  100% interest in the licence, but a subsidiary of ATI Oil Plc, in  which  Northern
holds a 37.04% equity interest, has a 50% pari passu commercial interest in the licence."

The Directors of the Issuer accept responsibility for this announcement.
                                                   
                                                -Ends-
                                                   
Contact Details:

ATI Oil Plc
Derek Musgrove, Chairman
Per Gunnar Løge, Chief Executive
Chris Foss, Finance Director
Tel: 020 7469 2940

Keith, Bayley, Rogers and Co. Limited (Financial Adviser)
Hugh Oram / Priscilla Ross
Tel: 020 3100 8300

St.Helen's Capital Plc (Corporate Adviser)
Barry Hocken/Duncan Vasey
Tel: 020 7628 5582

Hansard Communications
Chris Roberts
Tel: 020 7245 1100

For further information on ATI's Italian assets please see our web site, www.ati-oil.com.

Contact Information

  • ATI Oil plc