Embargoed for release: 3rd January 2013 at 0700
Northern Petroleum Plc
("Northern" or "the Company" (AIM: NOP))
Guyane GM-ES-3 Well Spudded
Northern Petroleum Plc is pleased to announce that GM-ES-3 the second well of
the current four-well programme in the Guyane Maritime Permit (French Guiana),
was spudded by Shell as Operator on 29th December 2012.
This well has been located to test the Priodontes Prospect and provide further
geological data critical to gaining a better understanding of the potential of
this area as a new offshore oil province.
Northern through holding 50 per cent of Northpet Investments Limited, owns a
net 1.25 per cent interest in the offshore exploration licence `Guyane
Maritime'. Northern is in partnership with Shell (Operator, 45%), Total (25%),
Tullow Oil (27.5%), and Wessex Exploration (also a 1.25 per cent holder through
owning the remaining 50 per cent interest in Northpet Investments Limited).
Derek Musgrove, Managing Director of Northern stated:
"The joint venture with Shell, Total, Tullow and Wessex is continuing upon its
vigorous follow up of the successful GM-ES-1 discovery in late 2011. This is
the second well in the four well programme to assess the potential of the
offshore of Guyane as a new oil province. I look forward to updating
shareholders on progress in the coming months".
In accordance with the AIM Rules - Guidance for Mining and Oil & Gas Companies,
the information contained in this announcement has been reviewed and signed off
by the Exploration and Technical Director of Northern, Mr. Graham Heard CGeol.
FGS, who has over 35 years experience as a petroleum geologist. He has
compiled, read and approved the technical disclosure in this regulatory
announcement. The technical disclosure in this announcement complies with the
For further information please contact:
Northern Petroleum Plc Tel: +44 (0)20 7469 2900
Derek Musgrove, Managing Director
Graham Heard, Exploration and Technical Director
Westhouse Securities (Nomad and Broker) Tel: +44 (0)20 7601 6100
Richard Baty / Petre Norton - Corporate Finance
Ian Napier - Corporate Broking
FTI Consulting Tel: +44 (0)20 7831 3113
Billy Clegg / Victoria Huxster
Bishopsgate Communications Tel: +44(0)20 7562 3350
Notes to Editors:
Northern is a full cycle oil and gas company currently holding over 40 licences
in a number of low risk areas and is continuing with its strategy of adding and
securing value for
shareholders as it engages with projects at all stages of the E&P value chain.
Comprehensive information on Northern and its oil and gas operations, including
all press releases,annual reports and interim reports are available from
Northern's website at
-0- Jan/03/2013 07:00 GMT
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