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%.

I'm staying in for now as only got at an av of @7p...this is good news... still jam tomorrow but more jam !
6/7 weeks to next big news ?

Good news indeed, although sp down?

Anyone any idea why this stock is showing sells even when I decide to top up - like it did today? The spread today was 6.75 - 7p earlier. I bought another 5000 and Barclays gave me a price improver of 6.76p which was logged as a sell???

Have we seen RIFT peak already for 2008? I hope not. If they go sub 6p is anyone else going to top up or is it time to be more sensible with your dosh?

If you can afford to keep holding for a few years, the current sp will be totally irrelevant, and therefore an absolute bargain. IMHO. The problem is that too many look upon it short term and panic when the price falls.

Ask yourself this, if the latest rns's are that good why would anyone sell. As you say your purchase was shown as a sell.

MM's conning us in my view.

I hold and shall remain a holder.

Me too..will continue to hold....still grim though isn't it !

I purchased a couple of blocks of these on Thursday / Friday last week and they both came up as sells. Would be surprised if all the listed sells were as shown as the newsflow does look reasonably good.

I'll keep mine unless they fall sub 6 at which point I'll come out and see what happens with a mind to buy if they fall lower.

what is making the sp drop so much and why are so many people selling. Would you say this is a good time to buy?

why is the sp falling and why are so may people selling. Is this a buying opportunity?

Either profit taking or investors beginning to doubt the story.

it dosent help when the buys are down as sells.if the buys wos in blue i dont think it would have dropt so mutch.

d7010
no disrespect intended,
but share price is.
not what should be.
this difference between is, and what should be, causes many to lose money in the markets.
we hold on to losing shares in our belief of ' should be' and overlook 'is'.
there is always a reason for 'should be' outweighing 'what is', thus we hold on, and usually we lose money.
'what is' is. what 'should be' is not.
it doesnt matter as to the reasons, it simply 'is'.
regards
jkd

i would like to know? is any one makeing any money.all who i know as lost 100s of 1000s. and been doing it for yaers. all we seem to do is pump more and more money into it . and never see a 1 penney back. plus you dernt leve the house just incase you miss something. be honist. to all. have any of you seen any money you have put in. i havent.

yes dave, bought at 7p sold at 10.88p, easiest 4 grand i have ever made in 2 weeks! Good luck , i am sure this will come good long term.

sounds like you got out at the top price. Have you bought back in? Is this now a good buying opportunity?

im not on about makeing money on a share. but how many walk away with a profit. how many as spent some of this money thay have made. may be 10 percent.? that meens you have a 90 percent of loseing your money. and your going to say why are you in shares, like you i carnt stop.

Dealers and traders are taken account that Ramco Energy Ratification as now been duly delayed untill February 2009. Oil ministers not to keen to sign any deal at present due to complications with board members. Traders have started to off load shares to Re: 30p for Tuesdays Agm.

Two big buys coming in today back to back of 1.6million shares at the close of play together with a lot of buys masked as sells! May be some news is due soon??

two more big buys must be news comeing.

Doubt it and hope not in the current climate ? .. if there is news released and it's good the sp will only go down !

then go in some other shares.