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2016-02-25

Maurel & Prom : Gas reserves in Tanzania

Paris, 25 February 2016

No. 04-16

Gas reserves in Tanzania

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Assessment of 2P reserves the Mnazi Bay field by RPS Energy:

272.5 Bcf M&P working interest net of royalties(1)up to 28%

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The Group's reserves correspond to the volumes of recoverable hydrocarbons
currently in production plus those revealed by discovery and delineation
wells that can be operated commercially.
Gas reserves at 31 December 2015 were assessed by RPS Energy.

Maurel&Prom's gas assets in Tanzania give the Group access to fixed and stable
long-term revenue. The sale price is $3.07 per thousand cubic feet and rises
with inflation. Maurel&Prom has thus ensured additional major cash flow,
unaffected by oil price fluctuations, which further strengthens the Group's
balance sheet.

On 31 December 2015, the Group had 272.5 billion cubic feet, the equivalent of
45.4 million barrels. This 28% rise in 2P reserves compared to the same
period in 2014 reflects the results of the MB-4 well drilled in June 2015 and
the start of gas supply at the processing centre in August 2015.

The following table shows the Mnazi Bay reserves by category. Gas reserves are
presented in terms of Group working interest, i.e. 48.06%, net of
royalties(1).

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| Mnazi Bay gas field reserves at December 31, 2015 |
| Maurel&Prom 48.06% |
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|M&P working interest net of royalties(1) |
| Gas (Bcf) Million barrels oil equivalent (MMboe) |
| 1P 161.6 26.9 |
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| 2P 272.5 45.4 |
| |
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(1) The royalties due under the Production Sharing Agreeement are
paid by TPDC (Tanzanian Petroleum Development Corporation
) in accordance with the agreements set up.

Maurel&Prom is the operator of this permit with a 48.06% interest.

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Next publication

31 March 2016 before markets open:2015 annual results

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| |
| French English |
| pieds cubes pc cf cubic feet |
| pieds cubes par jour pc/j cfpd cubic feet per day |
| milliers de pieds cubes kpc Mcf 1,000 cubic feet |
| millions de pieds cubes Mpc MMcf 1,000 Mcf = million cubic feet |
| milliards de pieds cubes Gpc Bcf billion cubic feet |
| baril b bbl barrel |
| barils d'huile par jour b/j bopd barrels of oil per day |
| milliers de barils kb Mbbl 1,000 barrels |
| millions de barils Mb MMbbl 1,000 Mbbl = million barrels |
| barils équivalent pétrole bep boe barrels of oil equivalent |
| barils équivalent pétrole par jour bep/j boepd barrels of oil equivalent per day |
| milliers de barils équivalent pétrole kbep Mboe 1,000 barrels of oil equivalent |
| millions de barils équivalent pétrole Mbep MMboe 1,000 Mbbl = million barrels of oil equivalent |
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For more information: www.maureletprom.fr
MAUREL&PROM
Tel: 01 53 83 16 00

Press contacts, shareholder and investor relations
Tel: 01 53 83 16 45

ir@maureletprom.fr

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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Maurel&Prom is listed for trading on Euronext Paris
CAC® mid 60 - SBF120® - CAC® Mid&Small - CAC® All-Tradable - CAC® All-Share -
CAC PME -EnterNext©PEA-PME 150

ISINFR0000051070
/ BloombergMAU.FP
/ ReutersMAUP.PA

MB_MAU_25FEB16_EN_DEF.pdf
http://hugin.info/155421/R/1989622/730709.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maurel&Prom via Globenewswire

HUG#1989622

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