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%.

this is gas. thay know its there. its how mutch.

Yes that is the problem....how much ?.....if this keeps on rising....come testing results time it might even drop !.

The offer is 10.50p to buy...., and somebody has just bought some....this will tick up again if this carries on.....market makers will be short of stock sooner or later !.

wudda, cudda, shudda again!!

The sellers were out in droves during 7/9 p rise,that does not seem to be the case now,and a further tick up could well happen today if that remains the case.

Yep, up.25p....!

If the testing is not what the market hopes then I stand to lose quite a bit...the good thing is we have the Douglas prospect as support !.

By the way canada1....could you please speak english....you know english...(I know it is a dying breed in this world of muppets), thanks !.

required field,
I know you are well into rift,buying 2 mill just now is a little risky?
get ready for 10.75,and thats where we may see sellers coming back.

Sorry required field, been into rift for so many years, forgot there might be new posters without a sense of humour. I shudda switched from another few of my shares into rift at 3.34p and tidied up my crap portfolio.

2 million...? nowhere near as many as that ....hey ! I'm a small investor, but for me the amount I have is a lot...!, pullback at the moment ....if it steadies around 10p I,ll be happy...we might have the aim stock of the year here...that would be great.

Pulling back now ahead of the weekend, from monday onwards : we could get an RNS at anytime....so selling and buying back will be much more tricky....not so displeased about it settling now before puk puk testing results.

Chart looks better I dont like strait lines.

Top share of 2008 so far... I'm sure it can do 1000%.

From a poster on iii

"A few facts, but please....do your own research.



Fact....Rift are in talks with a Major company see (Oil Barrel report)

Fact...Rift have drilled two wells both successful ( Douglas and Puk Puk).

Fact...Rift have a further 7000 square kilometre area to drill with very encouraging seismic results.

Fact...Rift have their own drilling rig

Fact....Rift have agreed a HOG with Flex LNG and a MOU with Rio Tinto Alcan

Fact....Investors include Royal Bank of Canada, Nigel Wray, Dire Straits, Eric Clapton and a large holding by the directors of Rift

Fact..Rift has no debt

Fact... rift gas reserves estimated at $14 billion see (Oil Barrel report)

Fact....Exxon and partners are building a $12 billion infrastructure of Gas storage tanks, Gas pipe lines, and railway access in PNG.. see google news for the latest update (Google news...Exxon Papua New Guinea )

Fact...Rift now need a Farm in partner and are in talks at this moment.

Fact...We are waiting for full results from Puk-Puk to see just how big the gas find is bearing in mind that gas was encountered much earlier than expected, this will effect rift's sp

Fact.... We are waiting for flow tests from Puk-Puk and Douglas, this will effect rift's sp

Fact...We are waiting for the outcome of talks with the "Major farm in company, this will effect rift's sp"

john50
What company was that again.

Apart from that does RIFT have anything else going for it ?

wot do you wont jam on it.

driver, not sure was it ser.
skyhigh, they have a very good dentist.
Dave, caluke steak will do.

John50, yes...waiting for the good news is like pulling teeth isn't it !