Maurel et Prom : Maurel et Prom : Colombia Exploration Update

        Maurel et Prom : Maurel et Prom : Colombia Exploration Update

                                                     Paris, January 14^th 2013
                                                                     No. 02-13
                                                   COLOMBIA EXPLORATION UPDATE


    New oil discovery in the Sabanero block after drilling Chaman-1 well

              No hydrocarbon results on SantaFe-1 well (SSJN-9)


New oil discovery in the Sabanero block

The Sabanero block covers an area of 434 sqkm and it is located  approximately 
at 250 km to the South East  of Bogota in the heavy-oil prolific Llanos  Basin 
at approx. 50 km northeast  of Rubiales and Quifa  fields. This block is  100% 
Maurel & Prom Colombia (Maurel & Prom operator - through its 50.01% subsidiary
MP Colombia BV).

The Chaman-1 exploration  well, located at  the central part  of the  Sabanero 
Block (approx. 6  km away  from Sabanero  field CPF),  resulted in  a new  oil 
discovery in the  C7 Formation  (12° API)  and is  currently under  production 
test, proving the prospectivity of the northern area in the block.

The short test  production started with  174 bopd. Size  of this discovery  is 
under evaluation.

SantaFe-1 well was drilled in the SSJN-9 block with no hydrocarbon results.

The SSJN-9 block covers an area of approx. 2,648 SqKm and it is located in the
Lower Magdalena Valley basin. This  block is 50% Hocol  and 50% Maurel &  Prom 
Colombia which is the operator.

The SantaFe-1 well was drilled at 8,290' MD (with Cienaga de Oro Formation  as 
the main target for gas) and unfortunately the well was dry and it was plugged
and abandoned.

For more information:
Phone: +33 (0)1 42 72 46 76

This document may contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel & Prom. By
nature, forward-looking statements contain risks and uncertainties to the
extent that they are based on events or circumstances that may or may not
happen in the future. These projections are based on assumptions we believe to
be reasonable, but which may prove to be incorrect and which depend on a
number of risk factors such as, fluctuations in crude oil prices, changes in
exchange rates, uncertainties related to the valuation of our oil reserves,
actual rates of oil production and the related costs, operational problems,
political stability, legislative or regulatory reforms, or even wars,
terrorism and sabotage.

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  mid 60 - SBF120® - CAC® Mid & Small - CAC® All-Tradable - CAC® All-Share
            Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA



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