Strategy 
Strategy
To date, MPX has chosen to concentrate on exploration and appraisal projects. In order to build shareholder value through drilling, the Company’s strategy is to assemble a portfolio of exploration prospects and assets by utilising specialist knowledge of “missed pay”. This technical focus enables the Company to concentrate on low risk prospects with a high chance of success and, coupled with partnerships within strategic alliances, should maximise the potential for shareholder returns.
However, with the addition of a major 'cornerstone' shareholder, the Company anticipates that it will now also be able to participate in developing and producing hydrocarbons.
UK North Sea
The Company’s main focus area is the UK North Sea where it believes there are many prospects containing missed pay which offer low risk drilling opportunities. Importantly, the province contains the commercial framework for small companies to grow. Initiatives by the UK Government have accelerated the transition of the UKCS from one dominated by the majors to one ruled by independents. The fallow acreage initiative is a key part of this transition by mandating the release of blocks that have been held by majors since the 1960’s and which are not being actively worked. The areas in the UK of most interest to MPX are the Central and Northern North Seas.
International
Missed pay is a phenomenon that knows no boundaries and the Company’s philosophy is to pursue opportunities in missed pay wherever political and economic circumstances permit, particularly where data is readily available. Of particular interest to the Company are certain regions of the world where a coincidence of rock properties, hydrocarbon and formation water characteristics, combined with operator methodologies, has led to repeated non-recognition of hydrocarbon accumulations.