Northern Petroleum provides the following update regarding drilling and operational activities in north west Alberta, Canada.

Highlights

Drilling • Drilling operations commenced on revised single well winter drilling programme on 5 January • Well 102/11-30 is targeting a different reef to those previously drilled by the Company • Results of post summer drilling subsurface review used to optimise drilling location to target a higher production and recovery well • Results expected in early February

Production • Tie-in of high rate well from the summer campaign, 102/15-23, completed on 23 December 2014 • Total production from the Company's Canadian operations exceeded 500 barrels of oil per day ("bopd") on 27 December 2014 • Production range from the beginning of February expected to be 400 - 550 bopd, subject to a final review of the tie-in of other wells and excluding any contribution from 102/11-30

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