CGX Energy Inc V.OYL

Oil and Gas Junior

[FlipIT2wice-]

Corporate Presentation (March 2012)

https://www.menahydrocarbons.com/Corporate%20Presentation.pdf

• Directors and officers of the Company own 91.5 million (40%) of outstanding common shares

• Currently 86.6 million (37%) common shares held by directors and officers are in escrow for periods up to 3 years

TSX Venture Exchange

Company Name : Mena Hydrocarbons Inc.						Last Updated: May 24, 2012
Date	Symbol	Insider Buys Volume	Insider Sells Volume	Insider Buys Value $	Insider Sells Value $	Insider Buys Transaction	Insider Sells Transaction	Currency
05/24/2012	MNH	136,000	0	5,690.00	0.00	3	0	CAD

https://www.tmxmoney.com/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=mnh&x=0&y=0

Management also awarded themselves Planety of Stock OPTIONs recently @

.18.

https://www.rigzone.com/news/article.asp?a_id=116319

Start of Operations in the Lagia field

Operations on the Lagia oil field development commenced March 16, 2012. Using Petroservices Drilling Overseas (PSDO) 750 HP rig Shams 1, the six well program consists of working over two existing wells, the drilling of two development wells and drilling a further two appraisal wells.

Well Lagia 6, drilled in 2000, has now been successfully re-entered and re-perforated.

The existing Lagia 6 and 7 wells are expected to be completed with a subsurface pump whereafter two development wells and two appraisal wells are planned to be drilled to the top of the Thebes formation at around 1500 feet. The development wells will be completed with thermal casing in order to facilitate steam injection as part of a cyclic steam soak pilot project and fitted with a sucker rod pump. A contract for the rental of a 24 MM BTU steam plant is currently being finalized. The plant is expected to arrive by mid 2012. Installation of production facilities for the pilot phase is being finalized to be operational after completion of the workovers. The produced oil will be transported by road tanker to the production facilities of the General Petroleum Company (GPC) at Ras Gharib.

MENA Hydrocarbons Announces Process to Sell US Assets

CALGARY, ALBERTA--(Marketwire - Jan. 20, 2012) - MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) announced that further to its news release of October 11, 2011, the Company has engaged Moyes & Co. to assist in the disposition of its US assets in Montana and Utah. An evaluation of these assets was prepared by the Colorado based independent qualified reserves evaluators Gustavson Associates effective September 1, 2011. Highlights of the evaluation include:

• Net present value (discounted 10% before tax - forecast prices) of US$38.1 million (US
  .17 per MENA share) attributed to its NW Montana proven + probable (2P) reserves.
• Net present value (discounted 10% before tax - forecast prices) of US$16.7 million (US
  .07 per MENA share) attributed to its NW Montana proven (1P) reserves.
• Net present value (discounted 10% before tax - forecast prices) of US$148.4 million (US
  .66 per MENA share) attributed to its NW Montana proven + probable + possible (3P) reserves.

The evaluation was prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. For additional information relating to the reserves and resource estimates respecting our US properties, please see Gustavson's report and the material change report of the Company dated and filed October 11, 2011, both of which are available on www.sedar.com.

MENA is also continuing to evaluate several corporate and property acquisition opportunities and will provide further updates as negotiations progress.