RIFT OIL PLC
PLACING AND ADMISSION TO AIM


Rift Oil plc ("Rift" or "the Company") has raised 2.3 million before expenses,
through a private placing of 24,080,000 new Ordinary Shares and a placing on
admission to the AIM Market ("AIM") of 22,200,000 new Ordinary Shares, both at
0.05 per share, giving the Company a market capitalisation at the placing price
of 17.3 million. The shares will begin trading on AIM today (19 April 2006).
Insinger de Beaufort is the Nominated Adviser and Broker to the Placing.

Rift was established in November 2004 to acquire a 65% interest in an oil and
gas exploration licence, the petroleum prospecting licence number 235 ("PPL 235
Licence"), in western Papua New Guinea. It acquired this interest in December
2004 through its subsidiary Foreland Oil Limited ("Foreland Oil"), in return for
a commitment to spend US$6 million (approximately 3.2 million) on the
exploration and development of PPL 235. The remaining 35% interest in the PPL
235 Licence is held by Trans-Orient Petroleum (PNG) Limited ("TOPPNG"), a wholly
owned subsidiary of Austral Pacific Energy Ltd ("Austral"), a Yukon
incorporated, oil exploration company operating in New Zealand whose shares are
publicly traded in the United States of America, Canada and New Zealand.

In January 2005, the Company and Austral entered into a joint venture operating
agreement to constitute the joint venture between the Company and Austral (the "
Joint Venture") in relation to the exploration activities to be undertaken
within PPL 235. These include a commitment to drill one exploration well, which
has already commenced as set out below.

Between December 2004 and March 2005, the Company raised a total of 4,505,000
at 0.25 per share from a range of private investors pursuant to an offer for
subscription to enable it to meet its initial obligations in relation to PPL
235, and as general working capital. On 10 April 2006 the Company raised an
additional aggregate sum of 1,204,000 by way of a private placing also at 0.05
per share.

The Joint Venture experienced difficulties in securing an appropriate rig in
order to begin the proposed drilling program on PPL 235. This was due to the
current high demand worldwide for the hire of drilling rigs. This led to the
decision by the Joint Venture, in late July 2005, to purchase the Coral Sea-1
Rig, a heli-transportable, free standing double for the purposes of the Joint
Venture.

PPL 235 covers a total area of approximately 2,910 sq km and lies within the
Foreland Basin, an area southwest of the Papua New Guinea highlands
approximately 500 km west from the capital, Port Moresby. The Company has chosen
the Douglas Prospect and the Puk Puk-1 (previously known as 'Kamu') Prospect
("the Prospects") as the initial targets on PPL 235.

Following extensive commissioning work, drilling on the Douglas Prospect, the
first prospect on PPL 235, commenced on 4 April 2006. The Company expects to
reach the planned total depth of around 2,000m after approximately 20 days of
drilling. This will be followed by a 4 day wireline logging program to determine
what further testwork may be required. Further analysis and interpretation of
the results will be necessary during early May before an announcement can be
made. The Company will then decide whether the results are sufficiently
encouraging to either:

(i) flow test the well;

(ii) drill further appraisal well(s);

(iii) shoot more seismic over the field; or

(iv) drill the Puk Puk-1 Prospect, also on PPL 235.

Rift has lodged an application, together with Austral, for a further PPL (APPL
261) covering an area of some 3,958 sq km immediately north of PPL 235. This
application is in the name of Foreland Oil (for and on behalf of Rift) as to
50%, and TOPPNG (for and on behalf of Austral) as to 50%.

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Rift Oil PLC
12 February 2007


For immediate release 12 February 2007


RIFT OIL PLC

Share Placing Raises 1.425m


The Directors are pleased to announce that application will be made for
admission to trading on AIM for 47,500,000 new ordinary shares of 1p each, to be
allotted by way of subscription at 3p per share to raise 1,425,000. The new
shares are accompanied by warrants to subscribe for further shares, on the basis
of one warrant for every two new ordinary shares, exercisable at 5p per share
between one and five years from the date of issue. Admission is expected to take
place on 23 February 2007. The proceeds of the subscription will be applied
towards the Company's general working capital requirements.


For further information please contact:

Rift Oil PLC 020 73409970
David Lees, Finance Director

Buchanan Communications 020 7466 5000
Tim Anderson
Isabel Podda




This information is provided by RNS
The company news service from the London Stock Exchange





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2006 MoneyAM

Ladies, Gents, I think we are on the move.

It baffles me that we seem to be with so many shares abbout to hit the market?,someone educate me!!,i am not complaining as i am a holder.

when is their future appraisal and exploratory drilling on douglas scheduled for ?

Looks like the momentum has not run out of steam,small tick up today i reckon.

Up on the bid now small tick up,what is going on?any holders have any ideas?

A good presentation on rival capetown, I think without the placing this would have gone much higher. People are now realising that the big problem transportation is now easier with Papua New Guinea not using Australia and looking at roads and ports.
African Eagle had similar worries in other countries and Chinise money have solved many of the infrastructure (Roads and bridges) and security (bandits) problems.
IMO people can finally see this happening sooner rather than later as the gas has never been in doubt unlike most companies.

Thankyou Laurie,its GREAT TO SEE SOME LIFE BACK IN THIS STOCK

And another tick up,lets hope we have a steady sp now on this one!

Some interesting posts on the other side about a PNG state oil and gas set up not to produce.
Certainly could help for transport etc

Drilling to commence Puk Puk in the next couple of weeks should help underpin the sp especially since some people expect them to find oil there as well as gas.Could be 100 mbo to 130mbo according to the initial prospectus with a 1 in 3 chance of finding oil.
Risky but a possible 10 bagger if true.

1 million late trade looks a nice buy at 5p hence the rise at the open.

mitzy and all,its looking good again,nearly at breakeven with my holding

I've been in credit for a while but still nervous about the government proposals.
Similar schemes in Peru include the government taking 50% ownership of profits. However they would be liable then for half the costs which would help.
If this did occur at least the roads or other transport may be provided through the new scheme.

1.5 million buy at the end at 5.10p.

Second trade of the day was a buy of 5 shares at 5.3p total of 26.5p before dealing charges. If thats not a signal then I dont know what is.

This is heading to 8p by FRIDAY then.

Chart wise were holding up very well just need the next news from P Puk and we will be doing better than ever.

Nice 10%rise today,news on its way?

capetown, we must stop buying the same shares.