Madagascar Oil

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Madagascar Oil is an AIM listed company focused on the development of heavy oil and conventional oil & gas deposits in five onshore blocks in Madagascar. The Company has significant exploration and development rights for oil and gas in Madagascar, and in the last five years the Group's two principal fields, Tsimiroro and Bemolanga, have been shown to have multi-billion barrel resource volumes in place. Recent field tests and studies suggest that a large portion of the Company's Tsimiroro heavy oil assets have excellent potential for economic development. 

Website:
http://www.madagascaroil.com/
Phone:
+00 (713) 357 4820
Address:
2180 North Loop West, Houston, Texas 77018.
Super Sector:
Energy
Sector:
Oil & Gas Producers
Industry:
Exploration & Production
EPIC / Symbols:

Sector: Oil & Gas Producers

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Madagascar Oil RNS Press Releases
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Madagascar Oil Articles
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  • Madagascar Oil primed and ready to demonstrate heavy oil field's huge potential

    25/05/12

    Madagascar Oil primed and ready to demonstrate heavy oil field's huge potential

    February’s US$26.5 million fundraising marked something of a watershed in the short but eventful history of Madagascar Oil.

  • Madagascar Oil: “substantial potential” now Tsimiroro project back on track

    02/09/11

    Madagascar Oil: “substantial potential” now Tsimiroro project back on track

    Edison Investment Research estimates Madagascar Oil’s net asset value to be around 96 pence, based on its Tsimiroro project, but the economics of the project remain sensitive to the oil price

  • UPDATE: Madagascar Oil shares suffer on return to market

    27/06/11

    UPDATE: Madagascar Oil shares suffer on return to market

     

    Madagascar Oil Ltd returned to the market this morning following a suspension triggered by a dispute with the Madagascar government over its Tsimiroro production sharing contract.  The shares fell sharply, however, with negative broker comments undermining sentiment over the stock. 

     

     

     

  • Madagascar Oil declares force majeure in bid to start talks with govt

    21/03/11

    Madagascar Oil declares force majeure in bid to start talks with govt

    Plans to develop the Tsimiroro heavy-oil field, which has nearly 1 billion barrels oil-in-place, ran into trouble just weeks after the stock joined the AIM market.  The Madagascan government wants to expropriate the assets, and permitting for the 2011 drill programme has been tied-up in red tape. This morning MOIL declared force majeure in a bid to start meaningful talks with the government to resolve the situation.

     

  • The quest for oil and a bargain in Madagascar

    30/11/10

    The quest for oil and a bargain in Madagascar

    Madagascar Oil shares were gaining on London's AIM market this morning, after yesterday's successful listing which valued the oil junior at around £183 million. It raised £50.5 million in new capital and it is one of AIM's larger small-caps.  However if all goes to plan, there is every chance Madagascar could be a mid-cap in a year’s time as the resource base grows and its main project is progressively de-risked.

Proactive Newswires
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Madagascar Oil Related Media
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    16/05/2012

    Stocktube video - Madagascar Oil CEO says potential is “vast” with a 1.7 billion barrel resource

    Laurie Hunter, CEO at Madagascar Oil (LON:MOIL), tells Proactiveinvestors about the vast potential for the company . He says that the assessment of 1.7bln barrels of resource is just for the heavy oil that the company will produce. Laurie also talks about the “very public” difference with the government, but explains that these issues are now behind the company. He also discusses his preference for more retail investors.
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