Northern Petroleum Plc
LSE : NOP

April 30, 2009 06:00 ET

Northern offered UK acreage Out Of Round

Embargoed for release: 1100 on 30 April 2009
                                                 
                                      Northern Petroleum Plc
                                                 
                                            ("Northern")
                                                 
                                                 
                             Northern offered UK acreage Out Of Round
                                                 
Northern  is  pleased  to announce that its subsidiary, NP Weald Limited ("NP  Weald"),  has  been
offered  Block SU60 in an "out of round" offer which was announced by the DECC on 4 December  2008
and  closed on 9 March 2009. The Block will be licensed as PEDL 256 with NP Weald as Operator, and
is  located in the Weald Basin, adjacent to PEDL 155. The Block contains a mapped extension of the
Havant exploration prospect from PEDL 155 in which Northern also holds a 50% interest.


The PEDL 256 partners will be:

NP Weald

Magellan Petroleum (N.T.) Pty Ltd

Encore Oil Plc

Oil & Gas Investments Limited



Graham Heard, Exploration & Technical Director of Northern, commented:

"We are very pleased to have been offered Block SU60. The Havant prospect is considered to contain
16  million  barrels  of  oil in place and the structure has similarities to  the  Horndean  field
located  5  km to the north. A planning consent has been granted for a drilling site next  to  the
A3(M), previously announced on 12th March 2009, from which to drill an exploration well."

In  accordance  with the AIM Rules - Guidance for Mining and Oil & Gas Companies, the  information
contained  in this announcement has been reviewed and signed off by the Exploration and  Technical
Director  of Northern, Mr Graham Heard CGeol FGS, who has over 35 years experience as a  petroleum
geologist.

For further information please contact:

Northern Petroleum Plc                                                 Tel: +44 (0) 20 7469 2900
Chris Foss, Finance Director                                                                    
Graham Heard, Exploration & Technical Director                                                  
                                                                                                
Investec (NOMAD and Financial Adviser)                                 Tel: +44 (0) 20 7597 5000
Michael Ansell / Patrick Robb                                                                   
                                                                                                
Blue Oar (Joint Broker)                                                Tel: +44 (0) 20 7448 4400
Jerry Keen / Toby Gibbs                                                                         
                                                                                                
Jefferies International (Joint Broker)                                 Tel: +44 (0) 20 7029 8000
Chris Snoxall / Schuyler Evans                                                                  
                                                                                                
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                                                                       


For  further  information  on  the  Group  and its activities  please  refer  to  the  website  at
www.northpet.com.

Contact Information

  • Northern Petroleum Plc