RNS Number:9585Q
Northern Petroleum PLC
16 October 2003

16 October, 2003

                             Northern Petroleum Plc
                         ("Northern" or the "Company")

                    Change of Broker and Additional Listing

Northern Petroleum announces that Evolution Beeson Gregory Limited have been
appointed broker to the Company with immediate effect.

In addition, the Company is proposing to issue to certain institutional
investors, in aggregate, 52,500,000 new ordinary shares ("Placing Shares") at 4p
per share, to raise #2,100,000 before expenses ("the Placing"). The Placing is
conditional on the admission of the Placing Shares to trading on AIM.
Application will be made for the Placing Shares to be admitted to trading on AIM
and dealings are expected to commence on 22 October 2003.

Although the Company holds funds and securities sufficient for the envisaged
drilling programmes of three wells in the South of England and two in Spain it
is felt that extra funds will enable the Company to accelerate current
activities where appropriate and take advantage of new opportunities as they
arise.

Derek Musgrove, Managing Director, commented,

"We have moved to considerably strengthen the Company's liquidity in order to be
in the position to accelerate our drilling plans in Spain and the South of
England in the near future and retain a surplus for new opportunities. I welcome
the confidence in the Company's future shown by these new institutional
shareholders and appreciate their support."


Enquiries

Hansard Communications
Chris Roberts / Ben Simons
Tel: 020 7245 1100


Evolution Beeson Gregory Limited
Stuart Andrews
Tel: 020 7071 4321


John East & Partners Limited
Jeffrey Coburn / Simon Clements
Tel: 020 7628 2200



                      This information is provided by RNS
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