The Company announces that, following the exercise of warrants to subscribe for ordinary shares, it has made an application pursuant to the authority granted on 23 July 2004 for the admission of 2,000,000 Ordinary Shares to trading on AIM.

It is expected that dealings in the said shares will commence on 29th October 2004.

Further enquiries:

Northern Petroleum Plc
Chris Foss, Company Secretary Tel: 020 7743 6080