This announcement was posted on the 10th/01.What a load of...

This announcement was posted on the 10th/01.
What a load of ______.In my view this is total deception. They led us on till the end.



10 January 2011
Mr Mauro Paccini
ASX Limited
2 The Esplanade
PERTH WA 6000


MONITOR "EXECUTES" TWO KEY AGREEMENTS AS PART OF ACQUISITION OF TRINIDAD OIL PRODUCTION ASSETS


Key points:
- Monitor Energy Limited has executed two key agreements as part of its proposed
acquisition of up to a 90% interest in SOCA Petroleum Limited, a company which
holds oil production licences in Trinidad and a major local drilling company
(?Transaction?),
- These agreements include:
o A formal Share Purchase Agreement to acquire SOCA Petroleum Limited and
the drilling company,
o A mandate with major UK based broker Renaissance Capital to raise up to
AUD$90 million, and
- Notice of Meeting for Extraordinary General Meeting seeking approval for the
Transaction, the capital raising and other associated resolutions is being finalised and
expected to be dispatched to shareholders shortly.