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2 April 2008
Operations Update
Following completion of the profitable sale of reserves, proprietary data and know-how to Dyas B.V. for a consideration of €41million whilst still achieving a 26.5% increase year on year in independently assessed proven and probable reserves to the level of 76.5 million barrels of oil equivalence, Northern has continued to develop its operations throughout Italy, The Netherlands and the UK, where as Operator it is planning eight appraisal and exploration wells and planning to develop eight oil and gas fields.
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31 October 2005
Guyane Operations - Update
Northern Petroleum wishes to update shareholders on its operations in Guyane following the quarterly report issued by Hardman Resources Limited (“Hardman”), operator of the Exclusive Exploration Licence (“EEL”) issued over the offshore waters of Guyane. Hardman has reported that it is shortly to commence data acquisition, with the programme to include the recording of approximately 1,600 km of 2D and 300 km² of 3D seismic data. Northern owns a 1.25% net beneficial interest in the Guyane EEL through its shareholding in Northpet Investments Limited.
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