Madagascar Oil Limited Director's Dealing (5502D)

TIDMMOIL

RNS Number : 5502D

Madagascar Oil Limited

29 January 2015

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

UNITED STATES, AUSTRALIA, CANADA OR JAPAN

29 January 2015

MADAGASCAR OIL LIMITED

("Madagascar Oil" or the "Company")

Director's Dealing

Madagascar Oil (AIM:MOIL) announces that it was today informed by Steve Hope, a Non-Executive Director of the Company and representative of Outrider Master Fund, L.P. ("Outrider"), that Outrider has today purchased 400,000 common shares of US$0.001 each in the capital of the Company, at a price of 4.5p per share.

As a result, Outrider is now interested in 187,790,232 common shares, representing approximately 28.8 per cent. of the Company's issued share capital.

-ENDS-

Contact Information:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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