Bemolanga Block 3102

The Bemolanga license area contains the Bemolanga Field Bitumen discovery. The field has had over 400 core holes drilled in the shallow Amboloando formation (0 to 200 meter depth) prior to Madagascar Oil operations. The surveys yielded bitumen with a range of 9-13 degree API oil from cored wells with surface seeps yielding ultra heavy bitumen of less than 9 API.

Madagascar Oil expanded investigation of the license in 2006, and in 2008 Total E&P farmed in for a 60% operated position. An aggressive schedule of drilling in 2009 and 2010 analyzed 160 additional cored wells to further quantify the resource base which in turn allowed an assessment of the efficiency and economics for ore extraction and recovery.

Results indicated that bitumen volumes are at least as large as initial estimates and bitumen quality is in line with prior work at approximately 5.5% by weight in the ore. Laboratory testing has indicated favorable results for extraction performance of 75% using the type of hot water extraction process also applied in Canadian bitumen extraction projects.

An airborne Full Tensor Gravity (FTG) gravimetric survey has been completed which has allowed the identification of potential basement structures and from this a new seismic infill program has been derived.

Following relinquishment by Total, Madagascar Oil now holds 100% of Block 3102.