MENA Hydrocarbons Inc. provide the following operational update.

Activities on the Company's 100% owned Lagia oil field in Egypt have re-commenced. A new progressive cavity pump (PCP) has been installed in the Lagia well #9 which has produced over the last 12 days at an average stabilized rate of 90 barrels per day of approximately 16 degree API oil gravity. This PCP replaces the original sucker rod pump that was previously installed in Lagia #9.

MENA has also completed installation of required production facilities in the field with three oil storage tanks, a water tank, and a 500 barrel fuel tank and has connected all producing wells with flow lines.

Lagia wells #8 and #10, which were also drilled in 2012 and designed for steam injection, will be placed on production following an initial steam injection cycle to begin next month. The Company has signed an agreement with an experienced Middle East steam operator, Steamtech and Co. LLC, to provide steam injection equipment and personnel to start the steam injection operation in the field. Given the quality of sandstone reservoir and oil gravity, it is expected that production volumes from the wells will be significantly improved.

Tags: MENA Hydrocarbons Inc.