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MNL Monarch Energy Limited

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Share Name Share Symbol Market Type
Monarch Energy Limited TSXV:MNL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Monarch Spuds North Sea Quad 15/18a Maria Prospect

29/01/2008 7:17am

Marketwired Canada


Monoil (UK) Limited, a wholly owned UK subsidiary of Monarch Energy Limited (TSX
VENTURE:MNL)(FRANKFURT:EIY) has been advised by Petro-Canada UK Limited, the
Operator of the North Sea 15/18a-Maria project, that the Global SantaFe Arctic
III semi-submersible rig has commenced drilling operations.


Monarch is paying 11.11% of the cost to drill and, if required, conduct DST
operations to earn an 8.33% interest in Licence P 233, Block 15/18a. The Company
has identified three additional prospects/leads in the block that require new 3D
seismic to mature to drill ready status.


ON BEHALF OF THE BOARD

Michael Turko, President and CEO

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