re: Ann: Monitor to Acquire up to 90% Stake i......

re: Ann: Monitor to Acquire up to 90% Stake i... Consideration

Monitor will use a combination of scrip and cash to purchase up to 90 per cent interest in SOCA Petroleum whose
wholly owned subsidiary companies own the Project and all associated assets. Under the terms of the HOA, the
Company will issue two billion Monitor shares and make cash payment of US$59 million in consideration for the full
90 per cent interest. In addition there are two milestone performance payments of 500 million shares, if the company
achieves future production targets on the Project.
Further details of the consideration will be set out in the notice of meeting sent to shareholders to consider and
approve the Transaction at a meeting in September 2010.

From the announcement YT.