The Board of Mediterranean Oil & Gas Plc is pleased to announce the following operational update for the 3 month period ended 31 December 2013.

Production:

MOG's total net production for Q4 2013 was 4.24 MMscm (equivalent to 0.15 Bcf, or 26,980 boe). This represents average net production of 46,133 scm per day or 293 boe per day during Q4 2013 (Q3 2013 399 boe per day).

Production levels were down quarter-on-quarter as a result of Guendalina Field wells GUE 3ss and GUE 2ss remaining offline for the full quarter. The Guendalina Field achieved net gas production (MOG 20% W.I.) of 3.06 MMscm (equivalent to 0.11 Bcf or 19,463 boe). This represents average net production of 33,281 scm per day or 212 boe per day in Q4 2013.

Tags: Mediterranean Oil & Gas Plc