Manambolo, Morondava and Manandaza PSCs

Manambolo, Morondava and Manandaza blocks which lie directly to the south of the Tsimiroro Block, are wholly owned by MOIL and total approximately 17,400km² (4.3 million acres).

Following a seismic programme carried out by MOIL in 2009, a number of encouraging structural leads were identified on these blocks. In 2010 this work was followed with an 800km2 Gore hydrocarbon micro-seepage survey over identified leads.

In 2012 the Company carried out a 24,000 line km Airborne Gravity Gradiometry (“AGG”) survey over the blocks.

Separate exploration reports have been completed on each of blocks 3105, 3106 & 3107, by UK-based Subsurface Consultancy, ERCL. The reports summarise completed subsurface work including the revised geological interpretations and also describe the hydrocarbon prospect and lead inventory of each block. Exploration work programmes to mature the prospectivity are described in each report.

MOIL has formally requested a two year extension of the exploration periods for Blocks 3105, 3106 and 3107 from the Madagascar authorities.  This formal request was made ahead of the scheduled end date of the current exploration periods of 14 December 2014 and the Company is hopeful of receiving these extensions in the near future.

Swiss Energy Partners