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15 Dec 2014 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN
15 December 2014
MADAGASCAR OIL LIMITED
("Madagascar Oil" or the "Company")
Extension Request for Exploration Licence Blocks 3105/3106/3107
Madagascar Oil (AIM:MOIL) today announces that, following discussions held at the Executive Committee meeting regarding Blocks 3105, 3106 and 3107 (the "Exploration Blocks") on 9 December 2014, the Company's wholly owned subsidiary, Madagascar Oil S.A., has written to the Office des Mines Nationales et des Industries Stratégiques ("OMNIS") formally requesting a two year extension to the exploration period of each of the Exploration Blocks. The letters to OMNIS were delivered on 12 December 2014 ahead of the scheduled end date of the current exploration periods of 14 December 2014.
A further announcement will be made as and when appropriate.
Contact Information:
Madagascar Oil limited Iain Patrick - Senior Independent Director Stewart Ahmed - Chief Operating Officer Gordon Stein - Chief Financial Officer | +44 (0) 20 3356 2731 |
Strand Hanson Limited Stuart Faulkner Angela Hallett James Dance | +44 (0)20 7409 3494 |
Mirabaud Securities LLP Rory Scott Edward Haig-Thomas | +44 (0)20 7878 3360 |
VSA Capital Limited Andrew Monk Andrew Raca Justin McKeegan | +44 (0) 20 3005 5000 |
Bell Pottinger Henry Lerwill | +44 (0)20 3772 2500 |
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