OVERVIEW

Italy

• Gas production providing positive cash flow to current operations.
• Unhedged oil and gas. 
• Certified 40MMbbls oil reserves at Ombrina Mare.
• Oil and gas upside plays. Development of oil and gas resources.
• 18 production concession
• 9 exploration permits
• 2 production concessions applications
• 8 exploration permit applications
• Operator for 11 concessions and 6 permits
• Production of 1 Bcf p.a.

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Malta

• Four prospective blocks in offshore Malta
• Blocks cover an area of 5700 km²
• Petroleum potential is related to Tunisian and Libyan fields
• A stable political climate, full member of EU
• Attractive fiscal terms

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Tunisia

• MOG holds 25% working interest in the Medjerda permit in Northern Tunisia
• Covers a surface area of 4,956 km²

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France

• MOG holds 11.154% working interest in the St. Laurent permit
• MOG has a 11.154% working interest in the Donzacq Permit application

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