United States

MedcoEnergi holds several Lease Agreements that are governed by the U.S. mineral management Services. The Company as holder of the Lease Agreements shall pay royalties stipulated by the license in cash annually, in accordance with the amount of oil and gas produced during the year.

Block 317 and 318, East Cameron, Offshore Lousiana State, Gulf of Mexico, USA

Type of Contract : Concession
Areas (Km2) : 40.5
Contract Expiry : Not limited by time, will extend through to end of production
Participacing Interest : Medco Energi US LLC - 75% (Operator)
Northstar Offshore Group, LLC - 25%
Status : Production

The Company holds Lease Agreements over Blocks 317 and 318 in the East Cameron territories, through the 100% acquisition of Novus Petroleum Ltd. in 2004. The blocks produce natural gas that is fed into the nearest gas pipeline.

Block 316, East Cameron, Offshore Lousiana State, Gulf of Mexico, USA.

Type of Contract : Concession
Areas (Km2) : 20.23
Contract Expiry : Not limited by time, will extend through to end of production
Participacing Interest : Medco Energi US LLC - 100% (Operator)
Status : Production


Block 64 and 65, Main Pass, Offshore Louisiana State, Gulf of Mexico, USA

Type of Contract : Concession
Areas (Km2) : 28.4
Contract Expiry : Lease agreement held by production
Participacing Interest : Medco Energi US LLC - 75% (Operator)
Northstar Offshore Group, LLC - 25%
Status : Production