Madagascar Oil Looking for a Partner

Friday, October 11, 2013

Madagascar Oil is seeking a partner for its assets onshore Madagascar. The company, in a recent presentation said it was looking to farm-out a portion of its 100% interest in Blocks 3105 (Manambolo Concession), 3106 (Morondaa Concession), and 3107 (Manandaza Concession).

The company’s data consolidation of the exploration licenses includes the incorporation of newly acquired seismic and seismic reprocessing that is nearly complete. Madagascar also plans to complete a new seismic interpretation and prospect generation by end-December 2013.

A data room will open in November and the company is targeting farm-out completion by the end of Q1 2014.

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