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Last €0.10 EUR
Change Today +0.017 / 20.48%
Volume 5.0K
MO2 On Other Exchanges
As of 3:43 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

madagascar oil ltd (MO2) Snapshot

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52 Week High
10/1/14 - €0.16
52 Week Low
02/11/15 - €0.02
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madagascar oil ltd (MO2) Details

Madagascar Oil Limited, together with its subsidiaries, explores for and produces oil and gas in Madagascar. It focuses on the development of the Tsimiroro heavy oil deposit, which covers an area of 6,670 square kilometers. The company also holds 100% interests in the conventional oil blocks, including West Manambolo, Morondava, and Manandaza exploration blocks that covers an area of 17,400 square kilometers; and 40% interest in the Bemolanga block covering an area of 5,463 square kilometers located in the Morondava basin. Madagascar Oil Limited was founded in 2004 and is based in London, the United Kingdom.

Founded in 2004

madagascar oil ltd (MO2) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $375.9K
Compensation as of Fiscal Year 2014.

madagascar oil ltd (MO2) Key Developments

Madagascar Oil Appoints Peter Godfrey as Non-Executive Director

Madagascar Oil announced that Mr. Peter Godfrey has been appointed to the board of directors of the company as a Non-Executive Director and as a nominated representative of Benchmark Advantage Fund Ltd, with immediate effect. Benchmark has exercised its right, in accordance with the terms of the Relationship Agreement, to appoint a nominated representative to the Board. The Relationship Agreement was entered into by Benchmark, SEP African Ventures Limited and the company on 18 December 2012, and amended on 24 January 2013. Between 2007 and 2010, Mr. Godfrey was International Vice President for Arrow Energy, where he successfully initiated a number of projects. Following this, Mr. Godfrey then spent 4 years as the Head of Oil & Gas within the Private Equity practice of Standard Chartered Bank. Since leaving Standard Chartered Bank in 2014, he has acted as an independent advisor to institutional investors, fund managers and family offices looking to both source investment opportunities and to manage existing ones within the oil and gas industry.

Madagascar Hires Advisor To Identify Partner For Tsimiroro Project

Madagascar Oil Limited (AIM:MOIL) said that it has hired Jefferies International Limited to identify a partner for the Tsimiroro project and it secured a $5 million financing facility, as it posted a slightly narrower loss in 2014.

Madagascar Oil Limited Auditor Raises 'Going Concern' Doubt

Madagascar Oil Limited filed its Annual on Jun 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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