News 
UKCS 25th Offshore Licensing Round Awards
12th November 2008
Two subsidiaries of MPX Limited have been offered interests in a total of nine Licences (eight Traditional and one Promote) covering ten Blocks in the 25th Offshore Licensing Round.
MPX North Sea Limited has been awarded operatorship of Block 9/9h. In addition, the Company has been awarded interests in Blocks 22/1a, 22/19c and 29/9c (part) together with Venture North Sea Oil Limited; Blocks 16/6b and 20/7 with Carrizo Oil & Gas, Inc.; and Blocks 3/3b, 211/11b and 211/16b with Ithaca Energy (UK) Limited and Revus Energy (E&P) Limited. Block 3/3b contains an undeveloped discovery which flowed 2,800 bopd on test.
A Promote Licence has been awarded to Hannu North Sea Limited over Block 3/23b.
Hannu Completes Farm-out of East Irish Sea Blocks
9th October 2008
Hannu Exploration Limited today completed a transaction with Venture North Sea Gas Limited, a wholly owned subsidiary of Venture Production plc. whereby Venture has taken a further 10% interest in Licence P1548 in return for a promoted share of the well cost.
MPX Energy awarded Block TQ54 Onshore UK
28th May 2008
The Secretary of State announced on 27th May that MPX Energy Limited has been awarded a Licence in the 13th UK Onshore Licensing Round. Block TQ54 (PEDL Licence No. 248) is located west of Tonbridge in Kent. MPX has a 30% interest in the Licence, together with Midmar Energy Onshore Limited (the Operator of the nearby Brockham Field) who has the remaining 70%. The partnership intends to reprocess existing seismic data on the Block.
Koyunlu-2 Well
13th March 2008
The Operator, Arar, has plugged and abandoned Koyunlu-2 after reaching a TD of 1,311 m and conducting two unsuccessful tests. A total of 125 kms of new seismic has now been acquired to enable the exploration effort to focus on deeper horizons.
Hannu Completes Farm-out of East Irish Sea Blocks
20th February 2008
Hannu Exploration Limited today completed their transaction with Venture North Sea Gas Limited, a wholly owned subsidiary of Venture Production plc. Venture has taken a 60% interest in Licence P1548 and intends to operate a well to appraise the 110/4-1 gas discovery in 2008 or 2009.
Koyunlu-2 Well Spudded
19th January 2008
Arar Petrol Ve Gaz Arama Uretim Pazarlama A.S., Operator of Exploration Licences AR/ARR/3695 and AR/ARR/4172 in the Bismil area of South East Turkey, spudded the Koyunlu-2 well at 1600 hrs GMT on 19th January 2008. It is being drilled as an appraisal well to Koyunlu-1 to test the Garzan and Mardin reservoirs. The well is expected to last in the region of 20 days. MPX Turkey B.V. has a 5% working interest.
Hannu Farms out East Irish Sea Blocks
15th January 2008
Hannu Exploration Limited has reached agreement with Venture North Sea Gas Limited, a wholly owned subsidiary of Venture Production plc, for Venture to acquire 60% of Hannu's 100% equity in Blocks 110/4 and 110/9b which contain the Marram gas discovery in the Morecambe Bay area of the East Irish Sea. Venture’s equity will be earned when an appraisal well is drilled in the East Irish Sea during 2008 or 2009. The assignment of interest and transfer of operatorship is subject to DBERR approval.
MPX completes Farm-in to SE Turkey Licences
10th January 2008
A subsidiary of MPX limited, MPX Turkey B.V. has farmed into two Exploration Licences (AR/ARR/3695 and AR/ARR/4172) in the Bismil area of South East Turkey. The Licences cover a total of 590 sq km in the foreland of the Zagros Foldbelt area, a prolific hydrocarbon province. MPX has acquired a 5% interest in the Licences from the Operator, Arar Petrol Ve Gaz Arama Uretim Pazarlama A.S. ARAR is a private Turkish exploration and production company and, after the farm in will hold, a 55% interest in each Licence.
The forward exploration programme comprises the acquisition of 120 kms of new seismic data and the drilling of an appraisal to the Koyunlu 1 well drilled in 2006.