Madagascar Oil is developing a promising portfolio of onshore blocks in a region of growing prospectivity Group Summary Region and Asset Location Madagascars leading and longest operating oil and gas company Operating four onshore…
Madagascar Oil has successfully undertaken drilling, construction and production operations in country Group Summary Region and Asset Location Spent over 300 million in past 10 years Drilled 138 appraisal and pilot…
Madagascar Oil has an excellent portfolio of assets with strong follow-on development potential Name Block Area, Sq. Km Notes Thermal operations Tsimiroro 3104 6,700 Deeper pay potential Manambolo 3105 4,000 Exploration…
A new democratic Government committed to development is being supportive of Madagascar Oil New Democratic Government President Hery Rajaonarimampianina was elected through democratic elections in 2013 investiture in January 2014…
Madagascar Oil is working towards three key goals 1 Convert resource to reserves 2 Deliver profitable development 3 Grow shareholder value significantly 8
Five themes pave the path to sustainable value Large, high-longevity, early-stage resource Proven and mature thermal technology Upside potential in follow-on exploration Supported by an engaged government Proven, talented…
A talented executive team able to create value by leveraging proven technical, business and financial expertise Robert Estill, CEO Gordon Stein, CFO Over 30 years of leadership & executive management Chartered Accountant with over 25…
Tsimiroro is a heavy oil reservoir capable of being in the league of the worlds giant oilfields *Est. Cum. Production ** Contingent Resource, Billion bbl Billion bbl 2.36 High 2.45 2.21 P90 2.46 Best 1.80 P50 1.70 Low…
Tsimiroro is a potential giant with enough contingent resource to position it as a giant oilfield Resource Potential by Production Mechanism (Million Barrels of Oil Equivalent) 680 1,700 Recovery of 40-60% OOIP 600 - 1,020…
Tsimiroro full field total costs/bbl can compete well with most other onshore resources Crude Oil Supply Curve Oil Price, /bbl Illustrative as of January 2015 100 Arctic 90 Oil Sands 80 Ultra-deepwater Heavy Oil Onshore 70 Light…
An indicative introduction to Steam Flooding in the Tsimiroro Field 14
The Tsimiroro Steam Flood Pilot began in April 2013 - performance comparable with other successful thermal projects Steam generation Conceived after CSS Huff and Puff success in 2008 Designed to test thermal recovery Steam process…
The Tsimiroro steam flood pilot is generating extensive data to support broader deployment Steam flood pilot used a 5-spot pattern Well wireline logs show a 70-80 m thick with 16 production and 9 injection wells Amboloando sandstone at…
Also, the Tsimiroro steam flood pilot is yielding the appropriate steam-oil production response Tsimiroro Steam Flood Pilot Gross Oil Rate and Steam Oil Ratio History 450 CSS Catch-Up Peak 25.00 ISF-5 Back-Flow Peak Oil Produc tion…
The Block 3104 Tsimiroro License area also holds quality additional hydrocarbon resource potential PROSPECTIVESTRUCTURES Tsimiroro Oil is also encountered above and below the Main Field Main Field Amboloando heavy oil reservoir The…
The Block 3104 Tsimiroro License area also holds quality additional hydrocarbon resource potential Block 3104 Tsimiroro hydrocarbon potential exists in the Post Mokara - Ankaramenabe Sandstone Amboloando Sandstone Isalo-1 Sandstone…
The other four exploration licenses position Madagascar Oil as the key player in onshore Madagascar Exploration Reports are complete on Block 3105/6/7 identifying the hydrocarbon prospectivity Infill 2D seismic is required to mature…
Madagascar Oil is adopting a clear and previously proven path to value creation Drive growth Establish asset clarity Monetise upside of high- quality resources with Demonstrate and de-risk follow-on projects Exploit asset…
With a number of specific initiatives planned to build on previous successes Initiate Phase II in 2019 to target 25,000 to 50,000 bopd by 2022 Design and initiate Development plan additional Phase II approval anticipated in…
Summary: Madagascar Oil is well positioned and moving forward with developments Controls a very large resource base Well positioned in Madagascar Industry leader Government relations Main license 25 years+ (upon development plan…
Funding strategy Interest has been shown by strategic parties and the Board believes that: progress with the Tsimiroro Block, including the Declaration of Commerciality, the submission of the Development Plan and the entry into the 25…
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