MNE is an oil and gas exploration company focused on the exploration and development of our two exploration permits, being EP-494 and EP-511, located in the onshore Northern Perth Basin in Western Australia (Projects). In addition to the Projects, the Company has also applied for three additional SPA / AOs (Special Prospecting Authority with Acreage Option) in the Northern Perth Basin and Pilbara & Great Southern areas.

The Projects were previously held by Macallum Group Limited (MGL) who is a substantial shareholder of the Company. MGL saw the potential of the Projects as more discoveries were made in the region, and undertook significant exploration activities to ensure the permits were kept in good standing.

The Company has an experienced Board and management team with a broad range of oil and gas, project development, corporate finance and technical skills in the resources and oil and gas industry. Our team independently has successful track records in leading and growing major ASX listed companies, value accretive mineral exploration and successful project development.