Northern announces that pursuant to the authority granted on 27 June 2007 it has issued 23,730 ordinary shares of 5 pence to certain directors and staff who have taken part of their salary entitlement in stock. The shares have been issued at a price of 177 pence per share being the mid market price at the close of business on 26 October 2007. Each new ordinary share will rank pari passu with existing ordinary shares. Application has been made for the shares to be admitted to trading on AIM and dealings are expected to commence on 5 November 2007. Following admission, the total number of ordinary shares in issue will be 70,517,581.

As a result of the above issue, Chris Foss, Finance Director, has increased his holding by 1,695 to 11,828 ordinary shares of 5 pence each, representing 0.02 per cent of the enlarged issued share capital of the Company and has transferred these newly issued shares to his SIPP. In addition, Graham Heard, Exploration & Technical Director, has increased his holding by 3,390 to 15,523 ordinary shares of 5 pence each, representing 0.02 per cent of the enlarged issued share capital of the Company and has transferred these newly issued shares to his SIPP.

For further information please contact:

Northern Petroleum Plc
Richard Latham, Chairman
Graham Heard, Exploration & Technical Director
Tel: +44 (0)20 7743 6080

Investec
Michael Ansell / Paul Brett
Tel: +44 (0) 20 7597 5000

Panmure Gordon & Co
Katherine Roe / Ashton Clanfield
Tel: +44 (0) 20 7459 3600

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