Summary Netherland Sewell Associates (NSAI) completed its report on the evaluation of the 2010 work on the Tsimiroro resource. The Best Estimate OOIP increased 121% to 3.877 Billion barrels. The Companys installation of the…
Significant Tsimiroro Oil Resource Increase MOILs significant Tsimiroro field oil resources was recently expanded by the issuance of the Netherland Sewell Associates Inc. opinion on the additional data from the 2010 drilling program.…
Block Overview The Madagascar Oil Limited (MOIL) group concessions cover five contiguous onshore blocks in Madagascar comprising 29,500 km2. Tsimiroro (100% MOIL) - A heavy oil field, currently with 1,688 million barrels Contingent…
Tsimiroro Field 2011 FTG Survey Full Tensor Gravity (FTG) Airborne Gravimetric survey Bemolanga 2010 survey Tsimiroro FTG survey purpose: 1. Tie Tsimiroro interpretation into 2010 Bemolanga Survey. Block 3102 2. Provide detailed…
Multi Zone Steam Flood Design Key Features Steam Flood Schematic Proven technology and extensive industry Injection Well experience minimizes concern over technical Production Well TOW application in Tsimiroro. Production Zone…
Future Plans and Projected Economics Drill 8-10 new wells in 2011 and 10-12 wells in 2012. - Budget US6 million for 2011 and 2012 for FTG, ERT and drilling delineation work program. Initiate the steam flood pilot to de-risk the…
Bemolanga Work Madagascar Oil and Total will: Pursue deep plays. Conduct 8,400 km of airborne FTG gravimetric survey to determine potential deep oil and gas structures Assess need for seismic acquisition. The PSC will extend the…
Bemolanga Mining Conclusions The JV drilled and cored 160 wells in 2009 and 2010 to define and test the PIIP and recovery. - Completed tests on bitumen content. - Tested extraction using hot water process. - Estimated required…
2010 Work Completed Exploration Blocks GORE report issued in March 2011 Three of the seven areas surveyed show good indications of hydrocarbon accumulation: 3107 Area 1 3105 Area 2 3105 3106 Area 2 Two areas have poor…
Recommended 2012 FTG Exploration Block Work Program Full Tensor Gravity Gradiometry 2012 FTG Proposal (Three areas) Area 1 Block 3105 - 8,000 line km, Budget est. 1.2 million Block 3107- 1,700 line km, Budget est. 300,000 Areas 2…
Funding Projection MOIL currently has approximately 54 million (as of August financial reports) to provide Use of funds funding for the Tsimiroro field pre-development testing and the Exploration Block opportunities. Item Cost (US…
Share Data Summary Capital Structure Basic common shares O/S 192,365,157 Restricted stock issued 4,000,000 Based on Common shares O/S 196,365,157 figures as of Shares issuable upon: 31 August 2011 Options (0.80/share) 6,000,000…
Organization Introduction Executive Directors and Senior Management Technical Staff J. Laurie Hunter Chairman and CEO L. Jim Lederhos Chief Engineer Mark Weller COO Gary Priddy Reservoir Engineer Seth Fagelman CFO Matt Meyer Chief…
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