Madagascar Oil’s a privately held oil and gas company with the largest onshore exploration and development rights in Madagascar.
CEO Statement
January 2008
The year 2007 was marked by the achievement of major milestones and significant progress towards our vision of becoming the leading in situ and mining producer of oil in onshore Madagascar.
During the first quarter of 2007, we moved headquarters from London to Houston, where we have been able to attract a strong and highly experienced team. In March, we closed an $85 million credit facility with Credit Suisse, which has given us the financial resources to continue appraising our significant oil discoveries and performing additional exploration work.
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