Mediterranean Oil & Gas Starts Production At Anzano 1 Well, Italy

Mediterranean Oil & Gas Plc (MOG.LN), an oil and gas exploration company, announced the commencement of new gas production from the Anzano 1 well or ANZ1, onshore Italy.

MAIN FACTS:

-Mediterranean Oil & Gas plc is an independent oil and gas production development and exploration company with a balanced portfolio of assets located in the central Mediterranean region.

-ANZ1, located within the S. Andrea concession (MOG Operator; 40% Working Interest), commenced new gas production following completion of field development works to install production facilities required at the well site and to lay out a gas pipe line of 3 kilometers.

-This was required to connect the site to existing gas production facilities at the S. Antonio 1 well, the other gas field in the concession area, which has been in production since 1995.

-Since Sep. 30, 2010, ANZ1 has been producing 2,500 square cubic meters per day or scm/day of pure natural gas.

-It is expected production will progressively increase to a peak gross target production of 7,500 scm/day by the end of October 2010.

-Shares closed Tuesday at 14 pence

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [e-mail]