Cabot Energy Regulatory News (CAB)

14 Jul 2006 12:05

For immediate release: 14 July 2006 Northern Petroleum Plc ("Northern" or "the Company") Additional Listing & Issue of Warrants Additional ListingThe Company announces that, following the exercise of warrants to subscribe forordinary shares, it has made an application pursuant to the authority grantedon 5 August 2005 for the admission of 180,000 Ordinary Shares of 5 pence eachto trading on AIM. Each new ordinary share will rank pari passu with existingordinary shares. Following the admission, the total number of ordinary sharesin issue will be 69,799,079.It is expected that dealings in the said shares will commence on 20 July 2006.Issue of WarrantsNorthern also announces that the Board has approved the issue to staff andretained consultants of warrants to purchase 5p Ordinary Shares of the Companyas follows:Staff 250,000Consultants 300,000All the above warrants are exercisable at a subscription price of 137.50p pershare, being the prevailing mid-market price at close of business on 13 July2006. The warrants issued to staff are open to exercise until 30 June 2011,while the warrants issued to consultants are exercisable between 1 January 2008and 30 June 2009.All the above warrants have been issued as a continuation of the Board's policyof providing performance based incentives to staff and key consultants.Notice to ShareholdersIn recent days the Company has received a number of phone calls from existingshareholders who have been supposedly offered cheap shares in the Company fromwhat would appear to be a non FSA registered and overseas based organisationwhich could have been interpreted as purporting to represent the Company and /or a director of the Company. Northern wishes to make it clear that neither theCompany, nor its directors and staff have appointed, or would appoint, a nonFSA registered company in relation to such a matter. The Company will next weekbe placing a notice to shareholders on its website, www.northpet.com,concerning this matter. -Ends- For further information please contact:Northern Petroleum PlcChris Foss, Finance DirectorTel: +44(0)20 7743 6080InvestecMichael AnsellTel: +44(0)20 7597 5000Panmure Gordon & CoKatherine RoeTel: +44(0)20 7459 3600Hansard CommunicationsChris Roberts / Ben SimonsTel. +44(0)20 7245 1100Further information on Northern Petroleum Plc is available via our website,www.northpet.comENDNORTHERN PETROLEUM PLC