Madagascar Oil Ltd. Investor Presentation February 2012 Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan MOIL Investor Presentation February 2012 1
Rationale for Raising Capital Now MOIL is funded for approximately the next 12 months, but not through to the completion of the steam flood pilot project Additional capital is required to fully fund the ongoing work programmes…
Proposed Offering Terms MOIL plans to raise approximately 26.5 mm through a best efforts private placement of common shares Sources US Uses US Shareholders Percentage of funds mm of funds mm (pre-financing) (%) Current cash at…
Significant Resource Increase Netherland, Sewell & Associates, Inc. (STOIIP) Contingent Prospective Total completed the re-evaluation of the 2010 mmb mmb mmb Tsimiroro data in September 2011 Low estimate the 2011 resource evaluation…
Madagascar Oil NPV Projection Increase from 2010 CPR based on resource volume projected by Netherland Sewell Current case Brent price based on market projections increases from midpoint of 70 to midpoint of 80 Brent with a new low of…
Tsimiroro Project Construction Status The Steam Flood Pilot Project status at Facility Layout end of January 2012: Facilities engineering: 80% Site preparation and civil works: 98% Drilling equipment and materials for pilot wells:…
Steam Flood Location and Timeline Initial cyclic steam injection on producers and injectors in Q4 2012 Steam Flood start for continuous steam to injection wells expected at end of 2012 Nine patterns with 16 producers and nine…
2011 Drilling Campaign Results The 2011 delineation well locations: Focused on prospective resource areas in the center of the field All wells drilled through the Isalo, which is 50- 100 meters below the Amboloando, to also test…
Bemolanga and Exploration Blocks Bemolanga In June 2011 Total E&P and Madagascar Oil received approval from OMNIS for a modification of the Bemolanga work programme to focus on deeper conventional plays on the block An extension of…
Update on Government Relations and Disputes Madagascar Political Situation Government of Madagascar remains in a transitional state as it deals with political crisis The signing of the SADC Roadmap has not resolved the uncertainty…
Resource and Operations Update For a more complete discussion of the Companys operations, see the AGM Presentation December 2011 under Presentations under the Investor Relations tab on the Companys website, www.madagascaroil.com…
Schedule 1 Terms and Conditions of Placement See attached MOIL Investor Presentation February 2012 14
Loading...
