The Company announces that, following the exercise of warrants on 9 October 2006 to subscribe for ordinary shares, it has made an application pursuant to the authority granted on 26 July 2006 for the admission of 100,000 Ordinary Shares of 5 pence each to trading on AIM. Each new ordinary share will rank pari passu with existing ordinary shares. Following the admission, the total number of ordinary shares in issue will be 69,899,079.

It is expected that dealings in the said shares will commence on 17 October 2006.

For further information please contact:

Northern Petroleum Plc
Chris Foss, Finance Director
Tel: +44(0) 20 7743 6080

Hansard Group
Chris Roberts
Ben Simons
Tel. +44(0) 20 7245 1100