Madagascar Oil

Printable company profile from OilVoice       http://www.oilvoice.com/Description/Madagascar_Oil/2237437b.aspx

OilVoice Premium Members are able to create printable documents containing Description, History, Strategy, Key data and Graduate Recruitment information about Madagascar Oil

Latest Madagascar Oil News

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 announces company presentation and operational update
  • Steam generation was shut down at the end of November for 10 days to allow the safe drilling of two new temperature observation wells, designed to provide an accelerated steam flood insight in the PSF-11 pattern.
  • Work proceeds on preparation of the Full Field Development Plan by the Tsimiroro Development Planning Team with the pre-requisite Declaration of Commerciality on track for a February 2014 submission.
  • Data consolidation and re-interpretation is now complete across Licence Blocks 3105, 3106 and 3107.
Monday, December 16, 2013

Madagascar Oil announces resignation of director
  • Andrew Morris, Non-Executive Chairman of the Company, has, at the direction of Persistency Private Equity Limited, resigned from the board of directors of the Company and as Non-Executive Chairman, both with immediate effect.
Thursday, November 14, 2013

Madagascar Oil Limited announces taxation settlement with Madagascan authorities
  • The Settlement addresses all tax demands arising from audits undertaken by the Tax Authorities for those fiscal years with the immediate payment to the Tax Authorities of 10.026 billion Ariary (equivalent to nearly $4.5 million).
  • The Company has previously reported that, in July 2010, assessments were received for additional taxes of approximately US$9 million relating to the years 2007 and 2008, mainly related to VAT on foreign services.
Thursday, November 7, 2013

Madagascar Oil Who's Who

Seth Fagelman
Chief Financial Officer
Full profile available to OilVoice Premium Members

Gil Melman
General Counsel
Full profile available to OilVoice Premium Members

Alvaro Kempowsky
General Manager - Madagascar
Full profile available to OilVoice Premium Members

Emma Ralijohn
Deputy General Manager - Madagascar
Full profile available to OilVoice Premium Members

Jim Lederhos
Chief Engineer
Full profile available to OilVoice Premium Members

Madagascar Oil Offices

Madagascar
Head Office
Country Headquarters
Full office details available to OilVoice Premium Members
United States
Administrative Corporate Office
Full office details available to OilVoice Premium Members
Mauritius
Mauritius Office
Full office details available to OilVoice Premium Members
United States
Administrative Corporate Office
Full office details available to OilVoice Premium Members


OilVoice.com       Learn more about a Premium OilVoice Membership