monitor energy limited discovers oil

FYI...


ASX ANN:

21 August 2008
MONITOR ENERGY LIMITED DISCOVERS OIL AT SURFACE IN KYRGYZ REPUBLIC AND LODGES BID FOR NEW BLOCK IN INDONESIA

HIGHLIGHTS
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Discovery of oil seeps confirms active oil system and new petroleum province.
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Company lodges bid for highly prospective Indonesian block.
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Farm out discussions of Kyrgyz oil projects continuing.

Monitor Energy Ltd (“Monitor” or the “Company”) is pleased to announce that it has made a significant discovery at its At Bashi oil licence in the Kyrgyz Republic and has also lodged a bid for a highly prospective block in Indonesia.//