OPERATIONS OVERVIEW

MOG aims to increase production and its total reserves significantly by converting resources to Proved and Probable reserves. We shall be achieving this through a key works programme which amongst other things will:

• Ombrina Mare - fast track full field development
• Evaluate the potential of Ombrina South and South East oil & gas prospects and progress for drilling
• Drill further onshore wells gas exploration
• As operator drill the Monte Grosso 2 well in joint venture with ENI and Total (project currently suspended)
• Develop with ENI (operator) the Guendalina Gas Field
• Explore and drill Malta offshore Area 4