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For immediate release

13 November 2008

Nautical Petroleum plc

('Nautical' or the 'Company')

6 successful awards in 25th Seaward Licensing Round

Nautical Petroleum plc (AIM : NPE), the developer of heavy oil assets in the UK and Europe, today is pleased to announce that it has been offered 6 exploration/appraisal blocks in the 25th Seaward Licensing Round.

As Operator, Nautical has been awarded 4 traditional licences as follows:

Block	Partners	Nautical Interest	Firm Obligations	Contingent Obligations
3/22	Rocksource, Canamens	40%	EM Feasibility	Drill or Drop
3/26	Rocksource, Canamens	40%	EM Feasibility	Drill or Drop
9/2c	Celtic, Canamens	35%	To be confirmed
9/6	Celtic, Canamens	35%	Seismic	Drill or Drop

In addition, Nautical, in collaboration with other venture partners, has been awarded 2 further traditional licences:

Block	Operator	Nautical interest	Firm Obligations	Contingent Obligations
8/25b (split)	Canamens	30%	Reprocess seismic	Drill or Drop
15/21e (split)	Encore	30%	Obtain and reprosess seismic	Drill or Drop

These new awards consolidate Nautical's position as a major player in the North Sea, and confirms its reputation as Operator with the offer of these blocks.

Commenting on the 25th Licensing Round and the licence offers, Nautical's Chief Executive Officer, Steve Jenkins said:

'Nautical has once again demonstrated its ability to win new licences and looks forward to adding significant value to its portfolio. Nautical welcomes the addition of our new partner Rocksource, a recognised expert in the interpretation and utilisation of Electro Magnetic ('EM') surveys. The offer of these blocks consolidates Nautical's strong position on the East Shetland Platform.'

For further information please contact:

Nautical Petroleum plc	020 7550 4890
Steve Jenkins, Chief Executive Paul Jennings, Commercial Director
Will Mathers, Finance Director
KBC Peel Hunt Jonathan Marren	020 7418 8900
Buchanan Communications	020 7466 5000
Ben Willey
Ben Romney

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