Additional Information
Market: AIM
Sector: Energy
EPIC: NOP
Latest Price: 73.50p  (-0.68% Descending)
52-week High: 140.25p
52-week Low: 61.00p
Market Cap: 68.74M
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Northern Petroleum
www.northpet.com

Northern Petroleum Plc is an oil and gas exploration, development and production company focused on the European Union and nearby areas. The Company is an operator of both onshore and offshore projects including a producing oilfield and boasts a management and technical team of the highest quality.

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Northern Petroleum wins further exploration block in South England’s Weald Basin

30th Apr 2009, 12:15 pm Northern Petroleum wins further exploration block in South England’s Weald Basin

Northern Petroleum PLC (AIM: NOP) said its unit NP Weald Ltd,  has  been offered  Block SU60 near Portsmouth, UK, in an out-of-round offer which  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 percent interest.

The other PEDL 256 partners will be Magellan Petroleum (N.T.) Pty Ltd, Encore Oil PLC and Oil & Gas Investments Ltd.

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 in March 2009, from which to drill an exploration well."

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