skip to content

Madagascar Oil SA

17:28 on 13/04/2016

Current Price 0.60p | Bid 0.00p | Ask 0.00p | Change 0.00%

Company Overview

Madagascar Oil is an AIM listed independent international oil and gas company focused on exploration, development and production opportunities in five onshore blocks in Madagascar. The Company is Madagascar's leading and longest operating oil and gas company having worked in country for more than a decade. In early 2015, it was awarded the country's first upstream mining title resulting in a 25-year development license on Block 3104 Tsimiroro. The awarding of the development license is the key with regard to moving forward with the development of 1.7 billion barrels of contingent resource already identified in the Tsimiroro field. Through the application of various thermal techniques, Tsimiroro is capable of being in the league of the world's giant oilfields. Additionally, the Company is seeking to further balance the portfolio through a sustained evaluation of the prospectivity of the exploration properties. This work will specifically target potential high gravity oil or large volume gas opportunities. The Company is fully committed to working closely with the Government of Madagascar to achieve the important strategic objective of developing its first commercial production and placing Madagascar in the league of significant oil suppliers. Madagascar Oil is fully engaged in making a positive contribution to the local communities in its operations area, and to the country, through its commitment to Corporate Social Responsibility through an array of community programs and projects. The Company is also participating in programs to sustain the healthy biodiversity of the Island.

Stock Details

EPIC MOIL
ISIN BMG5738R1016
Shares in Issue 795,713,264
Market cap £ 3.58m
Sector Oil & Gas Producers
Indices

Financial Highlights Year Ended 31/12/2013

Turnover $0.00 million
Operating Profit $-11.91 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.23
» More Financials

Key Personnel

Mark Field Weller COO

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Price Summary

Mid Price ? 0.00p
Bid Price ? 0.00p
Ask Price ? 0.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 0.45p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 7.63p
52 Week Low 0.30p

Intra-Day Chart

More Charts »

Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

Client Area Access

» Secure Login

» Not registered yet?

Aberdeen Ediston

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.