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Press release


2nd April 2014

No. 06/14

Definitive agreement signed regarding Anticosti Island in Quebec

Saint-Aubin Energie (1/3 Maurel & Prom, 2/3 MPI) announces that an agreement relating to the creation of a joint venture, in partnership with Ressources Québec, Pétrolia and Corridor Resources, was signed on 1st April 2014.

The equity interests in the joint venture are as follows:

Ressources Québec

35%

Pétrolia

21.7%

Corridor Resources

21.7%

Saint-Aubin Energie

21.7%

This joint venture holds exploration permits on Anticosti Island, Quebec (see map). The first phase of reconnaissance work, amounting to US$55 million at 100%, will begin in summer 2014 and should be completed within two years.

The selection of Saint-Aubin Energie as the Government of Quebec's partner to test the island's potential gives the company access to new assets that may be of fundamental importance. This is potentially a major step forward in the Group's strategic positioning in non-conventional hydrocarbons, which represent three quarters of the oil and gas resources available to humanity.



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PRESS CONTACTS, AND INVESTOR AND SHAREHOLDER RELATIONS

MPI ir@mpienergy.comTel: +33 1 53 83 55 44


More information: www.mpienergy.com

Listing market: NYSE-Euronext - Compartment B - CAC All Shares - CAC PME ISIN: FR0011120914

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This document may contain previsions regarding MPI's financial position, results, business activities and strategy. By their very nature, such forward- looking statements involve risks and uncertainties based on events and circumstances that may or may not occ ur in the future. Such forward looking statements are based on assumptions that are reasonable, in our opinion, but they may nevertheless be inaccurate, and are sub ject to various risks such as fluctuations in the price of crude oil, exchange rate movements, uncertainties regarding the valuation of our oil reserves, the effective rate of oil production and the associated costs, operational problems, political instability, and legislative or regulatory changes, as well as war, and acts of terrorism and sabotage.

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