Issue of Warrants

6 Nov 2006 13:14

For immediate release: 06 November 2006 Northern Petroleum Plc ("Northern" or the "Company") Issue of Warrants Northern announces that the Board has approved the issue to A N Brewer, adirector, of 150,000 warrants to purchase 5p Ordinary Shares of the Company at117 pence per share, being the prevailing mid-market price at close of businesson 03 November 2006. The new warrants are open to exercise until 31 October2011 and have been issued as a continuation of the Board's policy of providingperformance based incentives to directors. -Ends- Contacts:Northern Petroleum PlcDerek Musgrove, Managing DirectorChris Foss, Finance DirectorTel: +44(0)20 7743 6080Hansard CommunicationsChris Roberts / Ben SimonsTel. +44(0)20 7245 1100Notes to Editors:Northern Petroleum is a junior oil and gas exploration and production company,focussed on the EU, with major assets in the Netherlands, Italy and the UK.Further information on Northern is available at www.northpet.comENDNORTHERN PETROLEUM PLC