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13 Dec 2012 07:00
NORTHERN PETROLEUM PLC - Director's ShareholdingNORTHERN PETROLEUM PLC - Director's Shareholding
PR Newswire
London, December 12
Embargoed for release: 0700 on 13 December 2012
Northern Petroleum Plc ("Northern" or the "Company"(AIM: NOP)) Director's ShareholdingThe Company has been informed that on 12 December 2012 Mr Derek Musgrove, theManaging Director of Northern, purchased 25,000 ordinary shares of the Companyin the market at a price of 48.61 pence per share. The shares have beenpurchased and will be held by Mr Musgrove's SIPP.
Following this acquisition, Mr Musgrove's beneficial shareholding in Northernis 1,432,260 shares, which represents 1.50 per cent of the issued share capitalof the Company.
Following this transaction, the Directors' total beneficial shareholdings are3,538,461 ordinary shares, which represents 3.71 per cent of the enlargedissued share capital of the Company.
-Ends-For further information please contact:
Northern Petroleum Plc Tel: +44 (0) 20 7469 2900Derek Musgrove, Managing DirectorGraham Heard, Exploration and Technical DirectorWesthouse Securities (NOMAD and Broker) Tel: +44 (0) 20 7601 6100Richard Baty / Petre Norton - Corporate FinanceIan Napier - Corporate BrokingFTI Consulting Tel: +44 (0) 20 7831 3113Billy Clegg / Victoria Huxster
Bishopsgate Communications Tel: +44 (0) 20 7562 3350Nick RomeNotes to Editors:Northern is a full cycle oil and gas company currently holding over 40 licencesin a number of low risk areas and is continuing with its strategy of adding andsecuring value for shareholders as it engages with projects at all stages ofthe E&P value chain.
Comprehensive information on Northern and its oil and gas operations, includingall press releases, annual reports and interim reports are available fromNorthern's website at www.northpet.com.
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