Assets - United Kingdom 
| Licence | Block(s) | MPX Subsidiary | Type of Licence | Awarded | Interest |
| P1548 | 110/4 & 110/9b | Hannu Exploration Limited | Traditional (awarded as a Promote) | 24th Offshore Licensing Round | 30% |
| P1565 | 29/9d | MPX North Sea Limited | Traditional | 25th Offshore Licensing Round | 15% |
| P1606 | 3/3b | MPX North Sea Limited | Traditional | 25th Offshore Licensing Round | 30% |
| P1633 | 211/11b & 211/16b | MPX North Sea Limited | Traditional | 25th Offshore Licensing Round | 30% |
| P1646 | 9/9h | MPX North Sea Limited | Traditional | 25th Offshore Licensing Round | 30% |
| P1656 | 16/6b | MPX North Sea Limited | Taditional | 25th Offshore Licensing Round | 30% |
| P1659 | 20/7 | MPX North Sea Limited | Traditional | 25th Offshore Licensing Round | 30% |
| P1684 | 3/23b | Hannu North Sea Limited | Promote | 25th Offshore Licensing Round | 100% |
| PEDL248 | TQ54 | MPX Resources Limited | traditional | 13th Onshore Licensing Round | 30% |
(* Indicates operator)
Licence P1548 - Block 110/4 & 9b – Marram Undeveloped Discovery 
Partners: Hannu Exploration Ltd 30%, *Venture North Sea Gas Ltd 70%
Commitment: Fulfilled
In July 2009, the Marram appraisal well (110/4-2) operated by Venture North Sea Gas Ltd was drilled by the Ensco 92 jack-up rig. It reached a depth of 2,020 ft and encountered a gas column of 469 ft in the Ormskirk Sandstone. The Field is thought to contain significant quantities of hydrocarbons excluding a material nitrogen content. The Operator has presented a 2010 technical work programme and budget which should address the key development issues.
Licence P1606 - Block 3/3b – Orlando Undeveloped Discovery
Partners: *MPX North Sea Ltd 30%, Wintershall (E&P) Ltd 35%, Sorgenia E&P (UK) Ltd 35%
Commitment: 3D reprocessing and one firm well before 11th February 2013
With the support of partners, work on the pre-development project phase for Orlando undeveloped discovery (originally flowing at circa 3,000 bopd) commenced in the fourth quarter 2009. The Group is working towards a first oil date of 2011 or 2012.
Licence P1633 - Block 211/11b & 16b – Lucius Prospect
Partners: *MPX North Sea Ltd 30%, Wintershall (E&P) Ltd 35%, Sorgenia E&P (UK) Ltd 35%
Commitment: 3D reprocessing and one firm well before 11th February 2013
Some 257 kms2 of reprocessed data has been purchased and reinterpreted. The Lucius Prospect has been confirmed and two further prospects added to the portfolio. MPX hopes that the Group will drill on the Block in 2011 or 2012.
Licence P1656 - Block 16/6b – Rinaldo Prospect
Partners: MPX North Sea Ltd 30%, *Carrizo Oil & Gas Inc 70%
Commitment: 3D reprocessing and Drill or Drop before 11th February 2011
New reprocessed data has been purchased and interpreted. Under a technical co-operation agreement with Carrizo, the Operator, MPX has undertaken a technical evaluation developing the Eocene prospectivity and Carrizo are now seeking drilling partners.
Licence P1659 – Block 20/7 – Bardolph Prospect
Partners: MPX North Sea Ltd 30%, *Carrizo Oil & Gas Inc 70%
Commitment: 3D reprocessing and Drill or Drop before 2013
Bardolph is an undrilled Jurassic prospect over which the 3D reprocessing commitment has been completed (in early 2010) and the data will be interpreted by the Company in the second half of the year.
Licence P1646 - Block 9/9h – Jessica Prospect
Partners: *MPX North Sea Ltd 30%, Sorgenia E&P (UK) Ltd 70%
Commitment: 3D reprocessing and Drill or Drop before 11th February 2011
The award of only a small part of Block 9/9 was not an ideal outcome of the 25th Licensing Round application but there is a 3D reprocessing commitment over a Paleocene prospect. The Group hopes to complete the reprocessing and evaluation in the first half of 2010.
Licence P1565 - Block 29/9d – Cordelia Prospect
Partners: MPX North Sea Ltd 15%, *Venture North Sea Oil Ltd 85%
Commitment: 3D reprocessing and one contingent well before 11th February 2013
Cordelia is a Paleocene Andrew prospect and some 500 kms2 of reprocessed data was purchased in late 2009 to fulfil the commitment. As technical operator, MPX will undertake the work programme (interpretation and specialist geophysics) in 2010. Provided the results are favourable, the partnership anticipates drilling in 2012.
Licence P1684 - Block 3/23b – Malvolio Prospect
Partners: *Hannu North Sea Ltd 100%
Commitment: Drill or Drop before 11th February 2011 (Promote Licence)
Following the purchase of additional seismic data, the Malvolio Paleocene Prospect has been developed and efforts are underway to attract a drilling partner.
Licence PEDL248 - Block TQ54 – Hayesden Lead
Partners: MPX Resources Ltd 30%, *Midmar Energy UK Ltd 70%
Commitment: Drill or drop before 30th June 2010
As the Operator, Midmar have submitted a full planning application in order to be able to drill a well on the prospect, which will twin the Ashour-1 well. Although it is a relatively small prospect, the Board are hopeful that the well will be drilled this year.
MPX UKCS East Irish Sea Assets
