,,E RCATO R

w w w . m e r c a t o r . i n

January 30, 2017

To,

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street,

Mumbai - 400 001

To,

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex

Bandra (E), Mumbai - 400 051.

Scrip Code: 526235 Scrip Code: MERCATOR Re: Update on Oil Block

As you are aware, Mercator Petroleum Ltd. (MPL), one of the subsidiaries of the Company has been awarded 2 oil blocks in Cambay Basin under NELP VII by Government ofIndia.

The Directorate General of Hydrocarbons has recently cleared Essentiality Certificate to facilitate procurement of material and services for future drilling campaign and accordingly MPL is aggressively taking steps to expedite the balance minimum work program in Cambay Basin. This will be in addition of 4 wells in CB 9 block which MPL has already finished.

Please acknowledge. Thanking you,

ME RCATOR LIMITED

(CIN : L63090MH 1 983PLC03141 8)

31 Mittal Tower . B, Nariman Point, Mumbai . 400021, I ndia. Tel:+ 91 22 66373333 Fax:+ 91 22 66373344 mercator@mercator.in

Mercator Lines Limited published this content on 30 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 12:09:08 UTC.

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