27 Jun 2012 12:09
Northern Petroleum Plc ("Northern" (AIM: NOP)) Guyane Operations
Further to the announcement of 22 June 2012 Northern announces that approvals required for drilling and seismic operations have been received by Shell, operator of the Guyane Maritime exploration licence in French Guiana. Northern does not expect to make any further statement in the short term.
The partner interests in the offshore Guyane Maritime licence are:
Shell 45.0%Tullow 27.5%Total 25.0%
Northpet Investments 2.5% (Northern owns a 50% equity interest in Northpet)
Ends
For further information please contact:
Northern Petroleum Plc Tel: +44 (0)20 7469 2900
Derek Musgrove, Managing Director
Chris Foss, Director of Finance, Legal & Corporate Affairs
Graham Heard, Exploration & Technical Director
Cenkos Securities (NOMAD and Joint Broker)
Jon Fitzpatrick Tel: +44 (0) 20 7397 8900
Ken Fleming / Beth McKiernan Tel: +44 (0) 131 220 6939
Westhouse Securities (Joint Broker) Tel: +44 (0) 20 7601 6100
Richard Baty / Petre Norton - Corporate Finance
Sanjiv Pandya - Corporate Broking
FTI Consulting Tel: +44 (0) 20 7831 3113
Billy Clegg / Edward Westropp
Bishopsgate Communications Tel: +44 (0) 20 7562 3350
Nick Rome / Shabnam Bashir
Notes to Editors:
Northern is a full cycle oil and gas company currently holding over 50 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 www.northpet.com.
XLON