The Board of Mediterranean Oil & Gas Plc announced today a further update to the Company’s operations under its Exploration Study Agreement (“ESA”) over blocks 4,5, 6 and 7 of Area 4, offshore Malta.

The Company has executed a letter of award with the seismic surveying vessel M/V Geo Mariner of Seabird Exploration.for the acquisition of approximately 1,000 line kilometres of 2D seismic in Area 4 off-shore Malta.

M/V Geo Mariner is expected to arrive in Malta on the 20th May, 2007.

This initial campaign will be primarily directed towards increasing the understanding of some of the large prospects in the area covered by the ESA. The previously identified prospects at Hagar Qim, Skorba and Tarxien together with the newly identified prospects, particularly Luzzu, provide best estimate prospective resources of 1.5BBstb and best estimate STOIIP of 5.7BBstb. High estimate STOIIP exceeds 14.0BBstb on the permit.