Mr. Peter-Mark Vogel reports

STICHTING VB VAGOBEL REQUESTS FURTHER EXTENSION OF CLOSING DATE OF PRIVATE PLACEMENT TRANSACTION PENDING FINALIZATION OF BANKING INSTRUMENT

Stichting VB Vagobel, pursuant to the terms of the binding private placement agreement with MNP Petroleum Corp. dated Nov. 30, 2014, has requested to extend the closing date to March 26, 2015. Vagobel has recently informed MNP that, due to the complex nature of its own restructure, which involves various banks and other projects of Vagobel, Vagobel requires additional time to finalize its financing facility.

In discussing the terms of the requested extension, both parties have agreed that, as a closing guarantee and a sign of continued commitment, Vagobel will issue on behalf of MNP an irrevocable standby letter of credit in the amount of $62-million (U.S.). The parties are discussing the terms of the standby letter of credit.

About Vagobel

Stichting VB Vagobel is a company exploring international opportunities. It was founded in 1992 in the Netherlands as a financial holding company for real estate and other assets.

Vagobel is currently investing in companies in the upstream oil industry, and is currently involved in opportunities in the Middle East and Africa. Through MNP Petroleum, Vagobel intends to enhance its visibility in central Asia. Through its sister company registered in Singapore, Vagobel holds equity in a maritime shipping consortium and intends to explore opportunities in the maritime bunkering industry. In the near future, Vagobel also intends to investigate opportunities in the alternative and bio-energy industries.

We seek Safe Harbor.