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Northern Petroleum has announced the discovery of an oilfield valued at £290m in the village of Forestside, West Sussex.
Northern Petroleum has sold the Waalwijk underground gas storage project in the Netherlands to Star Energy Group for an initial £7m.
Northern Petroleum has won permission from West Sussex County Council to explore for oil at Markwells Wood near Chichester.
Northern Petroleum has sold its Northern Petroleum Exploration subsidiary to Gold Oil for £0.3m, in order to focus on its new projects in the Netherlands.