Madagascar Oil

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Latest Madagascar Oil News

Madagascar Oil announces Board changes
Madagascar Oil (AIM:MOIL) today announces the following Board changes, all of which are taking place with immediate effect. Mr Teck Soon Kong, a Non-Executive Director of the Company and nominated
Wednesday, October 22, 2014

Oil price, Total, Ophir, Madagascar, Lamprell, Northern, Sundry-BP-Egdon-Xcite-Faroe, And finally...
Oil price All eyes were on the Chinese data overnight and there was relief that they weren't bad, in the end slightly beating the whisper at 7.3%. Forecasts had centred around 7.2% after last fig
Tuesday, October 21, 2014

Madagascar Oil announces its half year results for the six month period ended 30 June 2014
  • Of the original 25 active wells, 15 of the 16 production wells have been successfully subjected to several cyclic steam stimulation ("CSS") cycles and eight of the nine injection wells had enjoyed some period of continuous injection.
Tuesday, September 23, 2014

Oil price, Premier, Lamprell, Madagascar, San Leon, Thalassa, and finally...
Oil price The oil price has adopted a ‘risk-off’ strategy at the moment with Brent staying around $113 and WTI at $105.50. As we are at the last day of the month and the quarter it is i
Monday, June 30, 2014

Madagascar Oil announces its full year results for the year ended 31 December 2013
  • Commissioning of the 2013 Steam Flood Pilot ("SFP") Plant was completed and commencement of operations was achieved in April 2013.
  • A major capital raise was completed in February 2013 by way of a US$78.4 million (gross), fully subscribed, Placing and Open Offer in which the vast majority of the Company's substantial shareholders participated.
Monday, June 30, 2014

Madagascar Oil announce visit to Tsimiroro Field by the President of the Republic of Madagascar
  • The visit included the inauguration of Madagascar Oil's new crude blending and truck loading facilities by the President.
Wednesday, June 18, 2014

Madagascar Oil announces that the decree approving test sales of Tsimiroro crude oil in the local market was approved
  • This would be the first market test of crude oil produced within Madagascar, with sales due to commence after the conclusion of a tender process involving oil marketing companies currently operating in Madagascar.
Friday, May 23, 2014

Madagascar Oil announces Directorate change
Madagascar Oil (AIM:MOIL) announces that Mr Madjedi Hasan, a Non-Executive Director of the Company and nominated representative of Benchmark Advantage Fund Ltd ("Benchmark"), has chosen to r
Thursday, May 22, 2014

Madagascar Oil Limited announces Directorate changes
Madagascar Oil (AIM: MOIL) announce the appointments of Mr. David Mahoney and Gordon Stein to the Board of Directors of the Company (the "Board"), effective immediately. Mr. Mahoney is bein
Monday, March 31, 2014

Madagascar Oil provides an update on its operations and latest Tsimiroro Field Development Planning activities
  • Oil production rates have increased month on month averaging 425 Barrels of Oil Per Day ('BOPD') in February, compared to 330 BOPD in January and 222 BOPD in December 2013.
  • Cumulative oil produced from the SFP, which commenced production on 28 April 2013, was 63,436 barrels on 16 March 2014, with 35,180 barrels being stored in the Tsimiroro Field Storage tanks.
  • Recent trials have demonstrated that the steam generators will run effectively on 100% Tsimiroro crude.
  • Independent confirmation has been received over the capability of Tsimiroro crude to meet feed-stock specifications for Madagascar power generation plants, following successful third party blending trials with gasoil (diesel).
Tuesday, March 18, 2014

Madagascar Oil Who's Who

Seth Fagelman
Chief Financial Officer
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Gil Melman
General Counsel
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Alvaro Kempowsky
General Manager - Madagascar
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Emma Ralijohn
Deputy General Manager - Madagascar
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Jim Lederhos
Chief Engineer
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Madagascar Oil Offices

Madagascar
Head Office
Country Headquarters
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United States
Administrative Corporate Office
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Mauritius
Mauritius Office
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United States
Administrative Corporate Office
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