Embargoed for release: 08 May 2013 at 0700
Northern Petroleum Plc
("Northern" or "the Company" (AIM:NOP))
French Guiana GM-ES-4 Well Spudded
Northern Petroleum Plc is pleased to announce that GM-ES-4, the third well of
the current four well exploration programme in the Guyane Maritime Permit
(French Guiana) has been spudded by Shell as Operator on 3rd May 2013.
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, holding 45 per
cent), Total (25 per cent), Tullow Oil (27.5 per cent) and Wessex Exploration
(also holding 1.25 per cent through owning the remaining 50 per cent interest
in Northpet Investment Limited).
Keith Bush, Chief Operating Officer of Northern stated:
"This is a new, exciting opportunity for the joint venture to further establish
the oil production potential in French Guiana. We look forward to the results
of this well with great interest."
In accordance with 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 SPE/WPC standard.
For further information please contact:
Northern Petroleum Plc Tel: +44 (0)20 7469 2900
Keith Bush, Chief Operating Officer
Graham Heard, Exploration and Technical Director
Westhouse Securities (Nomad and Broker) Tel: +44 (0)20 7601 6100
Richard Baty - Corporate Finance
Ian Napier - Corporate Broking
FTI Consulting Tel: +44 (0)20 7831 3113
Bishopsgate Communications Tel: +44 (0)20 7562 3350
Note to Editors:
Northern is a full cycle oil and gas company currently holding numerous
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
press releases, annual reports and interim reports are available from
Northern's website www.northpet.com
-0- May/08/2013 06:00 GMT
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