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NORTHERN PETROLEUM PLC - Licensing Update - Italy.
0700hrs 17 May 2005
Northern Petroleum Plc
("Northern" or "the Company")
Final Decree of Two Italian licences
Northern is pleased to announce that its wholly owned subsidiary, Northern
Petroleum (UK) Limited ("NPUK"), has been advised that two Italian licences, of
which it is operator, have been granted by decrees following acceptance of the
required environmental impact studies. Northern holds a 69.3% beneficial
interest in these licences through its holdings in NPUK and ATI Oil Plc
("ATI"), its 50% partner in Italy.
The licences confirmed are Nibbia, located onshore in the western Po ...
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