NEWS

BP's successful completion of kill operation

September 22, 2010 Project

BP Exploration and Production Inc. ("BP E&P"), the operator of the Macondo well in the Gulf of Mexico, in which MOEX Offshore 2007 LLC holds a 10% minority non-operating lease interest, has been working with government agencies to drill relief wells for the plugging of the blown-out well. On September 19, 2010, BP E&P publicly announced that the operations to kill the well were successfully completed and that it would now proceed to complete the abandonment of the well and plug and abandon the relief wells.