Focused on the Development of Heavy Oil and Conventional Oil & GasMadagascar 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.
The Company is fully committed to working closely with the Government of Madagascar to achieve the important strategic objective of developing its first commercial production and placing Madagascar in the league of significant oil suppliers. Madagascar Oil is also fully committed to making a positive contribution to the local communities in its operations area, and to the country, through financial support for an array of community projects.
|Madagascar Oil Commercial - airing in Antananarivo, Madagascar starting October 30th, 2012|