Madagascar Oil Limited Extension Request for Exploration Licence Blocks (7115Z)

TIDMMOIL

RNS Number : 7115Z

Madagascar Oil Limited

15 December 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITED STATES, AUSTRALIA, CANADA OR JAPAN

15 December 2014

MADAGASCAR OIL LIMITED

("Madagascar Oil" or the "Company")

Extension Request for Exploration Licence Blocks 3105/3106/3107

Madagascar Oil (AIM:MOIL) today announces that, following discussions held at the Executive Committee meeting regarding Blocks 3105, 3106 and 3107 (the "Exploration Blocks") on 9 December 2014, the Company's wholly owned subsidiary, Madagascar Oil S.A., has written to the Office des Mines Nationales et des Industries Stratégiques ("OMNIS") formally requesting a two year extension to the exploration period of each of the Exploration Blocks. The letters to OMNIS were delivered on 12 December 2014 ahead of the scheduled end date of the current exploration periods of 14 December 2014.

A further announcement will be made as and when appropriate.

Contact Information:

 
   Madagascar Oil limited                                                   +44 (0) 20 3356 2731 
    Iain Patrick - Senior Independent 
    Director 
    Stewart Ahmed - Chief Operating 
    Officer 
    Gordon Stein - Chief Financial 
    Officer 
   Strand Hanson Limited                                                    +44 (0)20 7409 3494 
    Stuart Faulkner Angela Hallett 
    James Dance 
   Mirabaud Securities LLP                                                  +44 (0)20 7878 3360 
    Rory Scott 
    Edward Haig-Thomas 
   VSA Capital Limited                                                      +44 (0) 20 3005 5000 
    Andrew Monk 
    Andrew Raca 
    Justin McKeegan 
   Bell Pottinger                                                           +44 (0)20 3772 2500 
    Henry Lerwill

This information is provided by RNS

The company news service from the London Stock Exchange

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