Cabot Energy Regulatory News (CAB)

23 Mar 2005 15:53

Immediate release: 23 March 2005 Northern Petroleum Plc ("Northern" or the "Company") Re. Planning Application Further to its announcement of 2 February 2005 and following confirmation thatthe land off Woodhouse Lane in Botley will not be made available for anyproposed exploration or extraction, Northern has withdrawn its Application forPlanning Consent for the drilling of the Hedge End-2 well from this particularsite.The Company is confident that a considerable reservoir exists in the licensearea, in which it holds a 50% interest, and remains fully committed andconfident of finding a location from which to drill the oil bearing structure. -Ends- For further information please contact,Ben Simons / Chris RobertsHansard CommunicationsTel. 020 7245 1100ENDNORTHERN PETROLEUM PLC