Great announcement from MKE this morning!...

Great announcement from MKE this morning!

Highlights
•
F
arm
-
out
agreement executed with Canadian Pan Ocean Limited (
“
CPO
”
)
over Alberta
J
oint
V
enture
Duvernay
shale acreage
•
CPO to
carry Mako for a
significant
multi
-
well
farm
-
in
work program
me
over
three
years
under a
‘
rolling option
’
arrangement
•
CPO
planning
to invest
up to
C$220 million
on the
combined
Earning Well and
D
evelopment
Well work
program
me
over the next three years
•
Mako to retain
12.5%
Working I
nterest
o
f
farmed
-
in acreage
,
with an option to increase
up
to
a
20%
W
orking
I
nterest
•
Operatorship transfers to CPO and Mako set to reduce overheads
•
Significant near
-
term activity planned with
four
wells to be drilled in
2013