🕐20.12.13 - 09:27 Uhr

NORTH AMERICAN PETROLEUM: OPERATIONS UPDATE INCLUDES EXCELLENT INITIAL PRODUCTIO
N AT MISSISSIPPI LIME WELL AND COMMENCEMENT OF FRAC AT PREVIOUSLY PRODUCING WELL



North American Petroleum Plc/ Index: ISDX / Epic: NAPP / Sector: Oil & Gas 20 December 2013 North American Petroleum Plc (NAP or the Company) Operations Update North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce an update on its activities in proven US onshore formations in Oklahoma.

This update is in line with the Companys strategy to rapidly build net production and reserves by acquiring and developing leases in liquids rich hydrocarbon plays such as the Mississippi Lime, Oklahoma. Commencement of Fracture Stimulation of the Moursand A-2 Well, Little Drum Unit (NAP NRI: 16.8%)
* Fracture stimulation of Moursand A-2, a vertical well bore that previously produced oil, has commenced - results expected by end of January 2014 * Significant potential to add to production and reserves - Moursand was not included in the Proved (P1) reserves estimate of 190 Mbbl oil and condensate and 519 MMcf natural gas for the four producing wells on Little Drum net to NAP with a PV10 of US$10.064m (based on CPR) Initial Production Rates (IPR) for the following two wells in Oklahoma: Well Name Formation Operator Gross IPR NAPs NRI
Net IPR Great White 1-14H Mississippi Lime, Oklahoma Red Fork 455 boepd 2.5% 11.5 boepd Robison 4-1MWH Woodford Oklahoma Calyx 777 boepd 0.32% 2.5 boepd
Existing Well Update Well Formation Status NRI Operator
Parmley 1-1 WH Mississippi Lime, Woodford, Oklahoma Drilled, completed and waiting on fracture stimulation 5% Red Fork
NAPs Managing Director Stefan Olivier said, "As a result of acquiring 1,067 net mineral acres in the Mississippi Lime formation, Oklahoma since our IPO in March 2013, NAP now has interests in 16 producing wells along with a growing bank of new wells at various stages of development.

Based on the combined initial production rates, the Great White and Robison wells add 14 boepd to NAPs existing production.

In line with our strategy, as new wells get drilled, revenues generated from production will be reinvested into further drilling or additional leases, as we look to add to the Companys P1 reserves, which currently have a value of US$21m, and in the process generate value for shareholders." Further Information on the Moursand A-2 well on the Little Drum Unit NAP has a 24.2% working interest and 16.8% net revenue interest in the Little Drum unit, located in Osage County, Oklahoma which includes four producing wells: Sarah Elizabeth 1H-17#2; Little Drum 1H-16; West Little Drum 1H-17; Lauren Blaire 1H-18; and a salt water disposal well.

These four wells currently produce an aggregate 14 boepd attributable to NAP.

Moursand A-2 is a vertical well bore that had been shut-in due to water disposal constraints which have since been alleviated following the completion of the Little Drum water disposal pipeline in the summer of 2013. The intended work programme for the Moursand A-2 includes a recompletion and acid fracture stimulation of the well bore.

Moursand was not included in the previously announced Proved (P1) reserves for the Little Drum Unit which were estimated at 190 Mbbl oil and condensate and 519 MMcf natural gas for the four producing wells on Little Drum net to NAP with a PV10 of US$10.064m (based on CPR).

Moursand therefore provides the opportunity for a potential reserve and production increase.

The Company expects the work to be completed prior to year-end 2013 with results expected in mid-to-late January 2014. The fracture stimulation of Moursand is just one of a number of low cost high impact development opportunities on Little Drum to significantly increase production from existing wells.

To date, West Little Drum is the only one of the four producing horizontal wells to have been fracture stimulated which resulted in a 600% increase in gross oil production to a stabilised rate of 35 barrels of oil per day based on a 20 day-average from pre-frac levels - 6 bopd net to NAP.

West Little Drum is currently producing 40 gross barrels of oil per day. Glossary P1 means Proved Reserves Bcf means Billion Cubic Feet per Day BOE means barrels of oil equivalent, gas is converted at its energy equivalent of 6000 cubic feet per barrel of oil BOEPD means barrels of oil equivalent per day BOPD means barrels of oil per day, Abbreviation for barrels of oil per day, a common unit of measurement for volume of crude oil.

The volume of a barrel is equivalent to 42 US gallons IPR means Initial Production Rate M means Thousand Mcfd means Thousand Cubic Feet per Day MM means million (thousand thousand not million million), as used in oilfield and heat content units such as MMSTB and MMBtu Mbbl means Thousand Barrels of Oil MMBbl means Million barrels MMcfd means Million Cubic Feet per Day Proved Reserves means those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under current economic conditions, operating methods, and government regulation - Proved reserves can be categorised as developed or undeveloped. **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) 207 156 5040 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 1,067 net mineral acres in the liquids rich Mississippi Lime play and has interests in 16 producing wells and a further seven either drilling or waiting to spud.
[cid:image002.png@01CECBDD.61F8A860] Frank Buhagiar St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07788410221 | Twitter: @StBrides1



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