27 February 2015

                               Adriatic Oil Plc

                          ("Adriatic", the "Company")

                   Preliminary Announcement of Final Results

The Board of Adriatic Oil Plc, the ISDX Growth Market quoted international oil
and gas exploration Company, is pleased to present the results for the twelve
months to 30 September 2014 (the "Period"), which has seen positive
developments for the Company and a diversification of its portfolio interests,
offering investors an opportunity to be part of a fast moving business run by a
management team with a demonstrable track record.

HIGHLIGHTS DURING THE PERIOD AND BEYOND

- Annual loss reduced by GBP 153,000

- Discussions to seek possible Admission to AIM ongoing

- Licensing Option 12/5 Shanagarry, PAD renewal confirmation expected shortly

- Termination of discussions with Albpetrol

During the Period, the Company incurred a loss after taxation of GBP 396,331
representing a basic loss of 0.12p per share as compared to a loss after
taxation in the previous year of GBP 549,469 and a basic loss per share of
0.17p per share.

CORPORATE REVIEW

Intention to seek Admission to AIM

The Company has announced its intention to apply for the possible Admission of
the ordinary shares of the Company to trading on the AIM market of the London
Stock Exchange ("AIM"). Discussions are ongoing. Potential admission to AIM
would likely be accompanied by a fundraising.

Shanagarry - North Celtic Sea/Ireland

The results of the work programme of Licensing Option 12/5 Shanagarry,
containing part-Blocks 49/18, 49/19, 49/20, 49/23, 49/24 and 49/25, and of
which collectively 64.5% is farmed-out to Fastnet Oil & Gas plc, has been
delivered to the Petroleum Affairs Division (PAD) by the operator. Further
information on Licensing Option 12/5 Shanagarry and the respective work
programme can be found in the Competent Person's Report ("CPR") which is
available on the Company's website. Terms for the renewal of the licensing
option have been agreed with the PAD and written confirmation from the Minister
is expected shortly.

Termination of discussions with Albpetrol about Albanian offshore Block North
Rodoni

Adriatic Oil's negotiations to potentially obtain the North Rodoni exploration
Licence offshore Albania had previously been suspended. In November 2013,
Adriatic Oil was contacted by Albpetrol indicating its interest to re-initiate
discussions with regards to the possible award of Block North Rodoni.

The licence area is 714km² in relatively shallow waters (a maximum of 120m
water depth). There is one possible gas discovery on the Block, Rodoni - 1,
which was drilled by OMV of Austria in 1996. In addition, a total of three
other leads have been mapped by GasPlus and the National Agency for Natural
Resources of Albania but they could not be validated in the absence of seismic
data that would only have become available once the licence would have been
awarded. Discussions with Albpetrol have now been terminated.

OUTLOOK

Entering 2015, the Board and management team remains committed to its goals
which project the achievement of further growth.

The Company has increased its efforts to raise funds to finance its projects
and ongoing activities. Without new funding, the Company's financial position
would be uncertain.

I would like to take this opportunity to thank all shareholders and staff for
their continued support.

Bruno Müller
Director

On behalf of the Board

February 2015



CONSOLIDATED INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2014

                                                2014                      2013

                                                 GBP                       GBP

Revenue                                            -                         -

Administrative expenses                    (396,331)                 (549,469)

Loss before taxation                       (396,331)                 (549,469)

Income tax                                         -                         -

Loss after taxation                        (396,331)                 (549,469)

EARNINGS PER SHARE

                                                2014                      2013

Basic profit for the year                   (0.0012)                  (0.0017)

All of the Group's operations are classed as continuing. There were no gains or
losses in the period other than those included in the above consolidated profit
and loss account.


CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2014

                                                        2014               2013

                                                         GBP                GBP

ASSETS

NON CURRENT ASSETS

Intangible assets                                    116,680             55,625

CURRENT ASSETS

      Available-for-sale financial assets             35,853             35,853

Trade and other receivables                            3,888             41,266

Prepayments                                            8,934              8,934

Cash and cash equivalents                              1,458             61,578

                                                      50,133            147,631

TOTAL ASSETS                                         166,813            203,256

EQUITY

ISSUED CAPITAL AND RESERVES

Issued share capital                               1,675,786          1,641,465

Share premium                                      1,175,145          1,154,552

Reserves                                           (883,167)          (883,167)

Retained profits                                 (2,176,592)        (1,780,262)

TOTAL EQUITY                                       (208,828)            132,588

CURRENT LIABILITIES

Trade and other payables                             375,641             70,668

TOTAL EQUITY AND LIABILITIES                         166,813            203,256


Notes:

1. The Group's financial statements for 2014 and the comparative figures for
2013 have both been prepared in accordance with International Financial
Reporting Standards (IFRSs) as adopted by the European Union and as applied in
accordance with the provisions of the Companies Act 2006.

2. Loss per share from continuing operations attributable to equity
shareholders

                                                      2014                 2013

                                                       GBP                  GBP

Loss:

Loss for the purpose of basic and                  396,331              549,469
diluted loss per share being net
(loss)/profit attributable to equity
shareholders

Number of shares:                              333,387,102          318,672,012

Weighted average number of ordinary

shares for the purposes of basic loss
per share

Loss per ordinary share:

Basic                                              (0.12)p              (0.17)p

Basic loss per share is calculated by dividing the loss attributable to
ordinary shareholders by the weighted average number of ordinary shares
outstanding during the year.

The calculation of diluted loss per share assumes conversion of all potential
dilutive ordinary shares, all of which arise from share options or warrants. A
calculation is done to determine the number of shares that could have been
acquired at fair value, based upon the monetary value of the subscription
rights attached to outstanding share options and warrants.

Given the Group's reported losses for the year, outstanding share options and
warrants are not taken into account when determining the weighted average
number of ordinary shares in issue during the year, and therefore the basic and
diluted loss per share are the same.

3. Announcement information

The information contained within this announcement has not been agreed with the

Group's auditor and is therefore subject to audit review. The financial
information set out in this announcement does not constitute statutory
accounts.

4. Dividend

The Directors do not propose to recommend the payment of a final dividend for
the year ended 30 September 2014. No final dividend was paid in relation to the
year ended 30 September 2013.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS

ANNOUNCEMENT

--ENDS--

Enquiries:

ADRIATIC OIL PLC
Bruno Müller
+44 (0) 20 3155 2020

SVS SECURITIES PLC - ISDX Growth Market Corporate Adviser
+44 (0) 20 3700 0100


NOTES TO EDITORS:

Adriatic Oil Plc is a publicly quoted UK-incorporated international oil and gas
exploration company with a portfolio of activities focused on the North Celtic
Sea and the Adriatic Sea Basin.

In the North Celtic Sea, the Company has agreed with Fastnet Oil & Gas plc to
farm-out 64.5% of its original 80% interest in a Licensing Option which covers
an area of 881 sq. km. Following execution of the Farm-in Agreements, the
Company will hold 15.5% of the Licensing Option. The Company has a second small
carried interest in offshore Western Ireland.

Adriatic Oil is also focused on making and progressing applications for
offshore exploration opportunities in the Adriatic which has many producing
hydrocarbon fields and an offshore infrastructure.

Adriatic Oil's strategy is to add shareholder value by proving and developing
leads and plays in areas which the Directors of the Company consider to be high
potential oil and gas provinces. Adriatic Oil's ordinary shares are quoted on
the ISDX Growth Market (operated by ICAP Securities & Derivatives Exchange
Limited) under the ticker symbol 'ADOP'. The Company's website is available at
www.adriaticoil.com.

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