Mediterranean Oil & Gas

• 01/02/12

  Independent Reserves Certification

• 27/01/12

  Italian Environmental Code

• 24/01/12

  Director/PDMR Shareholding

• 20/01/12

  Italian Environmental Code

• 20/01/12

  Director/PDMR Shareholding

• 

  14/07/11

  Mediterranean Oil & Gas confident as outlook brightens

  Mediterranean Oil & Gas (LON:MOG) is finally beginning to look ahead after a tumultuous 2010 that spilled over into the current year. The firefighting has abated, the company is looking forward to first production from its Guendalina field offshore Italy and its management re-energised after a boardroom shakeup.

• 

  09/02/10

  Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

  The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

• 

  04/12/09

  Mediterranean Oil & Gas to update Ombrina Mare reserves after “encouraging” post-drill study results

  Based on a study completed by Italian oil and gas giant ENI, which owns an 80% working interest in the field, the aggregate gas production from the field is expected to be 22 mmcf/d

• 

  31/07/09

  Mediterranean Oil and Gas: positive cash flow and company making development in the central Mediterr

  Mediterranean Oil and Gas has a long history of successful operation in Italy with profitable and expanding gas production as well as substantial Proved and Probable reserves awaiting development

• 

  06/10/08

  Mediterranean Oil & Gas ups resources at Ombrina Mare Field

  The Company reported a Proven plus Probably gas reserve of 6.5 billion cubic feet, in addition to the 20 million barrels of P1+P2 reserves of recoverable oil already certified at Ombrina Mare.

• 01/02/12

  Mediterranean Oil & Gas says updated CPR gives Guendalina a 42 per cent bump

• 19/01/12

  Mediterranean Oil & Gas says new Guendalina gas sales contract starts in February

• 16/01/12

  Mediterranean Oil & Gas appoints industry veteran Keith Henry as chairman

• 22/11/11

  Mediterranean Oil & Gas says Guendalina field production has quadrupled co’s output

• 14/11/11

  Mediterranean Oil & Gas commissions 3D seismic survey over Malta offshore licence

• 

  10/04/2008

  Mediterranean Oil & Gas

Mediterranean Oil & Gas Plc is an AIM listed Oil & Gas Company which:

Owns and operates the Ombrina Mare Oil & Gas field

Owns production, development and advanced exploration oil and gas assets

Has positive and ongoing cashflow derived from production and operating rights

Has a long history of operating in Italy and employs experienced staff of long-standing, well-versed and connected with the italian regulatory process.

All of its oil and gas assets are in the central Mediterranean region with the majority in the EU (Italy, Malta, France).

The Company’s objectives are:

Aim

Become a leading E&P Independent Company in the Mediterranean Region by development, exploration and acquisitions.

Short Term

Progress Ombrina Mare Development

Develop Guendalina gas field and start production by September 2011

Maintain a gas production base

Medium Term

Execute Ombrina Mare Development and start oil and gas production

Drill key highly prospective oil & gas exploration wells in Italy and Malta

Mr. Andrew Cochran (Non-Executive Chairman)

Mr. Cochran is the Chief Executive Officer at Dominion Petroleum Ltd, an independent oil and gas exploration company operating in Africa and listed on AIM (AIM:DPL). Andrew holds a BA in Economics and Politics from Tulane University. He spent eight years with Western Geophysical as an area geophysicist for the Asia Pacific region and as an exploration geophysicist covering North Africa, the Middle East and Asia. From 2000 to 2001 he was Managing Director of Veritas DGC Indonesia and, from 2001 to 2003, he was New Ventures Adviser at Anadarko Petroleum, advising on Indonesia corporate entry strategy. He was subsequently a founder of Endeavour International Corporation, a US-listed exploration and production company. In 2005 he founded Salamander Energy plc, an Asia focused independent exploration and production company listed on the London Stock Exchange, and was (until his resignation from the Board on 31 December 2008) the Executive Director responsible for business development.

Mr. Michael Bonte-Friedheim (Chief Executive Officer)

Mr. Bonte-Friedheim was Non-Executive Chairman of the Company from 2006 to 2011. He is an investment banker by background and has spent most of his career in banking working with clients in the energy sector. Up until 2006, he was a Managing Director in the Energy & Power Team at Goldman Sachs International Limited. Michael is currently a Non-Executive Director at Valiant Petroleum Plc, an AIM-listed company focused on E&P opportunities in the North Sea, and co-CEO of NextEnergy Capital SaRL, a merchant bank focused on the European renewable energy sector.

Mr. Sergio Morandi (Chief Operating Officer)

Mr. Morandi was Chief Executive Officer of the Company from late 2007 to May 2011. He has 27 years experience in oil & gas exploration, operations management and the acquisition, processing and interpretation of seismic data. He has worked at ENI, Coparex, ELF, Enterprise Oil, Shell Italia E&P and Shell International E&P.  From 1997 to 2003, he was a lecturer of Applied Seismology at Basillicata University in Italy and in 2002 and 2003 he was a Board Member of the Italian National Upstream Association (Associazione Mineraria Italiana).

Mr. Chris Kelsall (Finance Director)

Mr. Kelsall has over 14 years international investment banking experience, undertaking capital markets, privatisation and corporate advisory projects in a wide range of developed and emerging markets. Most recently he was a Director, Equity Capital Markets in the Global Banking Division of Deutsche Bank AG, Hong Kong Branch. Prior to this he worked with the ABN AMRO Rothschild global equity capital markets joint venture, in London and Sydney. Chris initially practised for 4 years as a corporate and commercial solicitor with firms within the Allens Arthur Robinson Legal Group. Chris holds a Bachelor of Economics and a Bachelor of Law from the University of Western Australia, in addition to a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia.

Mr. Miles Donnelly (Non-Executive Director)

Mr. Donnelly founded Aurelian Oil & Gas Plc together with Michael Seymour as a private company in 2002, which was subsequently listed on AIM in 2006. Miles stepped down as a director of Aurelian Oil & Gas Plc in June 2010 and subsequently formed Trajan Oil & Gas Limited to explore in the Eastern Mediterranean. He has worked extensively in Africa and the Middle East.

Mr. Salvatore Russo (Non-Executive Director)

Mr. Russo holds a degree in Chemical Engineering and he began his career with Mobil (USA). In 1981 Mr Russo joined ENI S.p.A (State Energy Board). As director of Group Strategy and Planning he contributed to the entire re-organisation of the ENI Group and also participated in the privatization of ENI. Over a period of some twenty years Mr Russo has held very senior positions on the Boards of some of Italy's largest corporations including amongst others Chairman and CEO Saipem S.p.A, Chairman and CEO Snam S.p.A, Chairman, CEO Snam Rete Gas S.p.A (ENI Group) and Chairman and CEO EnerTAD S.p.A. In addition he has served on the Boards of Directors of a number of companies including Agip, AgipPetroli, EniChem and Italgas.

Mr. Michael Seymour (Non-Executive Director)

Mr. Seymour is a geologist with over 40 years of experience in the oil industry, starting with the Burmah Oil Company, Conoco and Kerr-McGee. Mr Seymour was the Founder of Aurelian Oil & Gas Plc, where he was managing director until mid-2009 and now will retire as non-executive director at the end of May 2011. He also was founder of Teredo Petroleum Plc in 1984 and Medusa Oil & Gas Ltd in 1991. He is a former Chairman of both the Petroleum Exploration Society of Great Britain and the UK Onshore Operators Group. Currently, he is President of the Polish Exploration and Production Industry Organisation and a Director of Trajan Oil Limited.

Note (1): The definition of "Shares not in Public Hands" is provided in the AIM Rules and includes shares held by entities with more than 10% of the issued capital, by the Company's related parties, and otherwise shares subject to lock in.

Updated from Mediterranean Oil and Gas website 01.09.2011

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