Etablissements Maurel & Prom — Earnings Release 2012

Jan 18, 2012

Press release 1/18/2012

01_12

Operational update

It was reported by Seplat Petroleum Development Company Ltd, the operator company of OML 41, that the outbreak of fire on two of the supply flow lines from Ovhor-2 well had impacted production earlier this week.

The corresponding well was shut in and the fire extinguished.

The cause of the fire is under investigation. Normal production is expected to resume shortly.

More information : www.mpnigeria.com

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This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of MP Nigeria. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors such as, fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

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