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~$MNVN INITIAL DRILLING PLANS: http://www.mondialoilventures.com/properties.html

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BOI’s proposed plans first are to develop the South 40 portion of the oil and gas interests acquired
beginning with an Ellenburger location at the target depth of 8,300’, which may be followed by
potential Waddell and Wolfcamp horizons and prior to additional available development on the North
40 property portion as a Geological and strategic preference. BOI along with its industry partners
anticipates drilling a series of wells on the J.B. Tubb Leasehold Estate/Amoco Crawar Field, South 40.
Plans are to activate certain rights and option programs initially starting with the Ellenburger formation
at 8300’. The proposed Capital Expenditure of $1.6 million dollars for the drilling of the proposed
Ellenburger well. Public Records reveal an average production rate of 240+ barrels of oil per day (gross
revenue interests) for certain Ellenburger wells on properties adjacent to the South 40 acreage that are
currently owned by Chevron, BP and McCulloch Oil Corp. of California.