Monitor Energy -

Monitor Energy Limited will continue to accumulate a diverse portfolio of assets that will allow the company to spreak risk throughout the portfolio, while increasing its opportunity of success. It is envisaged that the company would hold no greater than 40% in any project, but this of course would depend on size, expense and risk of the opportunity.

Australia-Cooper Basin

The company has an interest in two quality licences in the onshore Cooper Basin.

Prolific onshore producer of oil and gas
Permits surrounded by existing production assets (59mmbls gas per PIRSA) and contains lead targeting in excess of 50 mmbbl oil and 450bcf gas
PEL115 (42%) including the Fury-1 oil discovery with further testing and drilling in first half 2010
PEL 110 (20%) drilling potential second half 2010
Large inventory of prospects on PEL 115 and PEL110

Kyrgyz Republic

The company has four licences in Kyrgyz Republic, comprising of 3 oil and gas exploration licences - two oil and gas licences in the north, an oil and gas licence in the south and one uranium licence covering an area in excess of 6,000km.

Large potential in structures identified capable of 8-120mmbbls. Surrounded by prolific Tarim and Junggar basins of China
Proven uranium licence with existing mine and recent high quality results.