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Northern Petroleum Plc

Northern Petroleum Plc is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.

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Licences

Licences: Italy

Licence

Category

Area

Interest

Operator
Onshore - Exploration
Savio Award Po Valley      80.00%       Northern
Longastrino Award Po Valley    30.00%*       Northern
Cascina
Alberto		 Application Po Valley    100.00%       Northern
La Sacca  Award Po Valley    100.00%       Northern
Punta Marina Preliminary award Po Valley    100.00%       Northern

Offshore - Exploration
C.R146.NP†† Award Sicily Channel    100.00%       Northern
C.R147.NP†† Award Sicily Channel    100.00%       Northern
d347C.R-.NP Application Sicily Channel    100.00%       Northern
G.R17.NP Award Sicily Channel      45.00%**      Shell
G.R18.NP Award Sicily Channel      45.00%**      Shell
G.R19.NP Award Sicily Channel      45.00%**      Shell
d21G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
G.R20.NP Award Sicily Channel       30.00%**      Shell
G.R21.NP Award Sicily Channel       30.00%**      Shell
G.R22.NP Award Sicily Channel       30.00%**      Shell
F.R.39.NP Award Southern Adriatic     100.00%      Northern
F.R.40.NP Award Southern Adriatic     100.00%      Northern
d59F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d60F.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d61F.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d149D.R-.NP Preliminary award Southern Adriatic     100.00%      Northern
d351C.R-.NP†† Preliminary award Sicily Channel     100.00%      Northern
d63F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d64F.R-.NP Preliminary award Ionian Sea     100.00%      Northern
d25G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
d26G.R-.NP Preliminary award Sicily Channel     100.00%      Northern
d65F.R-.NP Application Southern Adriatic     100.00%      Northern
d66F.R-.NP Application Southern Adriatic     100.00%      Northern
d30G.R-.NP Application Sicily Channel     100.00%      Northern
d71F.R-.NP Application Southern Adriatic     100.00%      Northern
d72F.R-.NP Application Southern Adriatic     100.00%      Northern

d29G.R-.NP

Application

Sicily Channel

     50.00%

     Northern
d75F.R-.NP Application† Ionian Sea

  
    100.00%

      Northern
d77F.R-.NP Application Ionian Sea

   
    100.00%

      Northern
d78F.R-.NP Application† Ionian Sea


    100.00%

      Northern
d362C.R-.NP Application† Sicily Channel     100.00%     Northern
d358C.R-.EL Application Sicily Channel      50.00%    Petroceltic

* Assuming farmin option by Avobone Italy is exercised.
**Assuming farmin obligations by Shell Italia are met.
†Application subject to competition.
††After briefing from UNMIG (Ufficio Nazionale Minerario per gli Idrocarburi e la Geotermia), as far as Northern is aware, the boundaries of these licences/applications (CR146, CR147 & d351) are not subject to the current dispute between Italian and Maltese authorities.