Northern Petroleum Plc

March 12, 2009 03:00 ET

Planning permission granted to drill Havant-1 well

Embargoed for release: 0700 on 12 March 2009
                                        Northern Petroleum Plc
                                      ("Northern" or "the Group")
                          Planning permission granted to drill Havant-1 well
Northern is pleased to announce that it has received unanimous planning approval to drill the Havant-1
exploration well in the Hampshire sector of the Weald Basin.

The  site  is next to the A3(M) and has been chosen for its minimal environmental impact. Northern  is
particularly  conscious  of  its commitments to be a good neighbour to  the  local  community  and  is
committed  to  health  and  safety and the environment. All operations will be  conducted  with  those
desires in mind.

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 30 years experience  as  a  petroleum

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

Investec                                                   Tel: +44 (0) 20 7597 5000
Michael Ansell / Patrick Robb

Blue Oar                                                   Tel: +44 (0) 20 7448 4400
Jerry Keen / Toby Gibbs

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

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

Notes to Editors:

Northern  Petroleum  has  recoverable Proven and Probable reserves of  76.5  million  barrels  of  oil

Following a deal with the joint Shell and ExxonMobil subsidiary, NAM, Northern became the Netherland's
second  largest  onshore  oil  company  in  terms of oil and  gas  reserves,  with  45.5  million  boe
recoverable.  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  through  the  Netherlands
authorisation  and  planning processes. Partners in these projects include Dyas  B.V.,  EBN  and  NAM.
Northern recently 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  13,000  km²,  predominantly
offshore but includes seven licences in the Po Valley oil and gas province in the north of the country
where  the  drilling of the Savio 222 bcf gas prospect is being progressed. 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 26.6 million barrels recoverable. It has recently signed a deal
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 the Group 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. In 2009 it is planning to drill an eastward extension of the Horndean oil field. Northern has a
50% interest in the venture.

Further information on Northern is available at

Contact Information

  • Northern Petroleum Plc