🕐22.05.13 - 09:27 Uhr

NORTH AMERICAN PETROLEUM: LARGEST INTEREST TO DATE ACQUIRED IN NEW WELL TARGETIN
G THE MISSISSIPPI LIME OIL PLAY, OKLAHOMA



North American Petroleum Plc/ Index: ISDX / Epic: NAPP / Sector: Oil & Gas 22 May 2013 North American Petroleum Plc (NAP or the Company) Participation in Additional Well in Mississippi Lime Formation, Oklahoma North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce it has acquired its largest interest to date in a well targeting the proven Mississippi Lime formation, Oklahoma which is currently waiting to spud.

This is in line with the Companys strategy to build net production and reserves by acquiring and developing leases in liquids rich hydrocarbon plays. NAP has acquired a 3.75% working interest and a 2.8125% net revenue interest (NRI) in the Blaser 1-10 (Blaser), a horizontal well targeting the Mississippi Lime formation, Oklahoma operated by Cummings Oil Company.

Under the terms of the acquisition, 25% of NAPs NRI will be reassigned (Back-in) to the farmor upon pay-out (i.e.

when drilling costs have been recovered).

Upon pay-out, NAP will therefore have a 2.11% NRI in Blaser.

Total drill costs are estimated at US$3,249,500 with the Companys 3.75% working interest in the well estimated at US$121,856. North Americans Managing Director Stefan Olivier said, "NAP now has interests in seven wells that are already producing and a further four at various stages of development in the Mississippi Lime formation, Oklahoma.

Having already acquired over 400 net mineral acres since listing in March, we expect to secure additional leases in proven US onshore formations and also participate in further drilling with established operators, as we look to rapidly grow net production and reserves.

I look forward to providing updates on our progress in due course." **ENDS** For further information and the full Admission document visit www.napetroleum.com or contact the following: Stefan Olivier David Coffman North American Petroleum Plc Keith, Bayley, Rogers & Co. +44 (0) 7595 779520 +44(0) 203 100 8125 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177
Notes North American Petroleum Plc acquires leases in producing onshore US formations such as the Mississippi Lime, Oklahoma, where the application of new techniques and technologies such as horizontal drilling and fracture stimulation can dramatically improve recovery rates.

Revenues generated out of production are reinvested into both new wells and into the acquisition of additional leases to build a portfolio of producing and undeveloped assets focussed on lower risk oil rich plays.

To date, NAP has acquired 416 net mineral acres in the liquids rich Mississippi Lime play and has interests in seven producing wells and a further four either drilling or waiting to spud.
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