Crescus are pleased to announce that they have entered into an agreement with Monitor Exploration Limited to support the financing of their planned geophysical and drilling activities to take advantage of a major prospective hydrocarbon potential they have identified in their licence onshore Namibia.

By integrating new remote sensing and passive seismic surveys with a variety of existing geophysical and geological data the company have identified three areas of interest with

significant potential resources.

Andrew Shrager, CEO of Monitor Exploration Limited commented “We are very pleased to have partnered with Crescus Limited at this exciting time for us and to have the benefit of their fundraising experience in this field”.