Mediterranean Oil & Gas Plc, the AIM listed central Mediterranean focused producer, developer and explorer of oil & gas assets, provides the following operational update.

Italy - concession AC 35 AG - Guendalina Gas Field (MOG 20% interest, ENI 80% interest and operator) Following the award of the production concession on 14 December 2009, field development began in April 2010. Two production wells are planned along with an offshore platform. A subsea line will tie the platform back to the ENI Tea platform and other ENI offshore production facilities.

ENI ,the operator, informed the Company that the field development plan is progressing on schedule . Engineering and Procurement activities are progressing and the fabrication of platform Jacket and Deck are ongoing.

Based on the above update, previous estimates of the development time table are confirmed as follows: - installation of the platform and the drilling of the two development wells expected in first half of 2011. - gas production and associated revenues expected to commence in September 2011.

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