The Company announces that, following the exercise of warrants at 11.25 pence per share to subscribe for ordinary shares on 17 November by Graham Heard, Exploration and Technical Director, it has made an application pursuant to the authority granted on 22 July 2009 for the admission of 40,000 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 78,987,248.

It is expected that dealings in the said shares will commence on 25 November 2009.

Mr Heard has today transferred these 40,000 ordinary shares to his SIPP at a price of 148p per share. Following this warrant exercise and transfer, Mr Heard’s total beneficial shareholding has increased by 40,000 to 428,408 ordinary shares, which represents 0.54 per cent of the issued share capital of the Company. Today’s transactions do not however result in any change in Mr Heard's beneficial interest in the diluted share capital of Company.

For further information please contact:

Northern Petroleum Plc
Tel: +44 (0) 20 7469 2900/61
Derek Musgrove, Managing Director
Chris Foss, Finance Director
Graham Heard, Exploration & Technical Director
Sophie Hull, Head of Corporate Communications

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