bulltraderpt
17 Apr 2015
Re: NOW WHAT ??? Will be watching this with interest. Research needed though before I invest on a punt.
Sprocket60
17 Apr 2015
NOW WHAT ??? Sitting on a decent profit at moment & tempted to cash in. Will this one gradually fade back waiting for further news or stick at the 9p for a while. This has massive potential but wont move until finance for the project is secured or a farm in partner is chosen. Would be even better if one of the big oil Co`s already out there decided that they want the entire field.
platelicker
16 Apr 2015
MOIL in “active discussions” [link] VSA said the approval will renew investor confidence in the stock."Having spent US$300mln over the past 11 years, this step is clearly a very important achievement for MOIL."The firm was able to convince the Malagasy community that this heavy oil project can be developed in a commercially viable way."According to VSA, the approval also makes the company much more attractive to potential farm-in partners or outright acquirers, some of whom already have an interest on the island.
II Editor
16 Apr 2015
NEW ARTICLE: Why Madagascar Oil rose 147% "It was a bright morning for LSE:MOIL:Madagascar Oil, as its Tsimiroro Development Plan was given the go-ahead, the first in the region. Sitting on 1.7 billion barrels of oil and targeting production of 10,000 barrels of oil per day by 2018, the ..."[link]
Vitautas
16 Apr 2015
Reserves 2P Do I see it correctly that they have zero 2P reserves?
rollthediceagain
16 Apr 2015
Re: 10,000 BARRELS OF OIL A DAY! But not commercial at current oil prices as recovery costs are c$60pb?Excellent rise today ~ well done holders. I looked at MOIL yesterday but didn't hit the 'Buy' button doh!
MANCHESTER2009
16 Apr 2015
10,000 BARRELS OF OIL A DAY! FROM THE RNS....rst phase of the work programme under the TDPThe initial Tsimiroro crude to be developed under Phase 1 of the TDP is a heavy oil (14-15 API), with target markets both in Madagascar and internationally for power generation, as a heavy oil refinery feedstock and as marine bunker fuel. Phase 1 of the TDP is intended to first fully develop the geological compartment containing the existing SFP area. It is planned that long-lead orders will be placed for drilling under Phase 1 of the TDP and SFP facilities upgrade equipment/materials for the planned work programme to commence in late 2015. An additional geological compartment will be developed, intended to enable sales volumes to reach up to 10,000 barrels of oil per day.
MANCHESTER2009
16 Apr 2015
GAMECHANGER! BOOM!1.6 Billion barrels.25 - 50 year license.GAME ON!DYORGLA!!
Mike BP
16 Apr 2015
RNS-Development Plan Approved Excellent news.....Best__________ __________ __________ __________ _____16 April 2015 MADAGASCAR OIL LIMITED ("Madagascar Oil" or the "Company", together with its subsidiaries, the "Group"
Tsimiroro Development Plan Approval Madagascar Oil is pleased to confirm the award of the Development Mining Title for the Block 3104 Tsimiroro Production Sharing Contract (the "Block 3104 PSC" by the President of Madagascar, H.E. Hery Rajaonarimampianina, following a joint proposal by the Minister at the Presidency in charge of Mines and Petroleum and the General Manager of OMNIS (Office des Mines Nationales et des Industries Strategiques), which took place at the Council Of Ministers on 15 April 2015. This follows approval of the Block 3104 Tsimiroro Development Plan (the "TDP" by the Block 3104 Management Committee. Highlights · Demonstrates the Company's excellent and collaborative working relationship with the Government of Madagascar · Represents the first Production Sharing Contract to enter into the development phase in Madagascar · Awards a 25 year development mining title with possible additional extensions to enable a potential development period of up to 50 years provided production remains commercial · Covers the entire 6,670km2 of Block 3104 including the Tsimiroro Main Field with its 1.7 billion barrels of oil contingent resource base, as well as appraisal activities of conventional light oil potential in the Tsimiroro South and Tsimiroro Deep South areas · Represents a significant and major step forward for the Group following 11 years of exploration activity in Madagascar and the drilling of 138 wells on Block 3104 · Approval allows the Group to:− proceed with development of the Block 3104 Tsimiroro asset, including development drilling and facilities upgrades to build on existing production;− progress further the active discussions with potential strategic partners to assist in funding development; and− undertake the domestic sale of production from the Steam Flood Project ("SFP", including the 100,000 barrels of oil currently in storage, which is expected to commence this quarterRobert Estill, Chief Executive Officer of Madagascar Oil, commented:"We are delighted to have reached this significant milestone in the growth of Madagascar Oil. Being the first company to reach the development phase within Madagascar is a truly exciting opportunity, both for us as a company, but more importantly for the people of Madagascar.We are grateful to the Government of Madagascar for their extensive and constructive contribution to this process and the strong working relationship we have built as a result. As a Company, we believe we have a dual responsibility, not simply to generate value for our shareholders but also to lead the way in developing Madagascar's significant natural resources that will benefit the whole country." First phase of the work programme under the TDPThe initial Tsimiroro crude to be developed under Phase 1 of the TDP is a heavy oil (14-15 API), with target markets both in Madagascar and internationally for power generation, as a heavy oil refinery feedstock and as marine bunker fuel. Phase 1 of the TDP is intended to first fully develop the geological compartment containing the existing SFP area. It is planned that long-lead orders will be placed for drilling under Phase 1 of the TDP and SFP facilities upgrade equipment/materials for the planned work programme to commence in late 2015. An additional geological compartment will be developed, intended to enable sales volumes to reach up to 10,000 barrels of oil per day. Block 3104 PSC AmendmentsThe President of Madagascar, H.E. Hery Rajaonarimampianina, also approved a decree at the Council of Ministers of 15 April 2015 following a joint proposal by the Minister at the Presidency in charge of Mines and Petroleum and th
The Millipede
12 Mar 2015
Re: The Millipede Hi Rosey..... Sorry was I being over sensitive there? Thanks for the kind words. I am not sure about being well informed but I spent half a day researching MOIL and thought I would pass on my thoughts, and that is all they were. I might be barking up the wrong tree totally. And of course, the lack of an income won't put off some and often the rewards can be greater for people prepared for the extra risk.If there is one concern I have, even from the perspective of someone who is prepared for the risk, it is the continual placings and the expectation of another one.As for other investments.... you have put me on the spot there! I quite like Premier Oil, which I think will do well IF the oil price has bottomed out and IF this year's Falklands drilling campaign goes well and I like Synety (although ironically there is "placing" risk there, just like MOIL) which has developed a clever cloud based calling - as in phone calling - and data base system they hope will link in with CRM providers. But, although there is a risk of further fundraising, they are currently generating revenue and the amounts are increasing quite rapidly - the 2014 results are due soon - ignore them, they will just show the company spent lots of cash last year and earned little, but instead concentrate on the KPIs they release as a sort of how-goes-it every three months.FWIW I have not actually ruled out investing here...... but I will probably wait till after the placing to look again........ which no doubt means the share price will start rocketing and I will miss the boat.Anyway, hope that is not too long winded and boring. Good luck here. I hope it works out.
Rosey5464
09 Mar 2015
Re: The Millipede Usually, when investors play the man it is because there are no sensible counter arguments========== ========== ========== ========== ========== ========== You seem well informed so wanted some tips if you'd care to? CheersRosey
The Millipede
09 Mar 2015
Re: The Millipede Hi Rosey,Probably what would be more useful is if you could counter my arguments about MOIL. Usually, when investors play the man it is because there are no sensible counter arguements but I am sure, if you are invested here, you can come up with something.Cheers,
platelicker
05 Mar 2015
Re: RNS - expanding market for oil "In February the field produced a total of 295 barrels of oil, while the total for January was 317 barrels"Should that not read ..."In February the field produced an average of 295 barrels of oil per day, while the average for January was 317 barrels bopd"
Mars_2050
03 Mar 2015
RNS - expanding market for oil Madagascar Oil expanding market for oil as talks over development plan continueJamie Ashcroft March 03 2015, 8:44am A total of 173,351 barrels of crude oil has now been produced from TsimiroroMadagascar Oil (LON:MOIL) has told investors that oil produced from the Tsimiroro field will be sent to an industrial customer this month for testing.As the company continues to expand the market in Madagascar for its crude and blended heavy fuel oil (HFO) discussions are ongoing over test sales to a local power utility and domestic end users.The company said it hopes to secure continuous sales contracts subject to a successful outcome to the testing.A total of 173,351 barrels of crude oil has now been produced from the Tsimiroro (as of February 28) steam injection operation – this has been achieved with the injection of some 910,017 barrels of water equivalent.In February the field produced a total of 295 barrels of oil, while the total for January was 317 barrels.A field development plan (FDP) is currently under consideration by the Madagascan authorities, and MOIL says regular and productive meetings are taking place. If approved the FDP will enable a 25 year exploitation and development phase under a production sharing contract.A continuous drill programme is scheduled to get underway either late March or early April. It comes after the company drilled the first of 30 planned wells in February."We continue to make good progress on Steam Flood Pilot operations and the data we are gathering is proving to be extremely useful as we move towards the development phase of the Block 3104 Tsimiroro field,” said Robert Estill, MOIL chief executive.“Our ongoing Development Evaluation Programme will provide further important data to allow us to determine the optimal drilling locations for our development phase.”He added: “As this is considered by the Madagascar authorities to be a project of national state importance, we fully understand the cautious and measured approach they are taking and are grateful for the extensive resources they are devoting to this process.“We look forward to updating the market on these discussions in the near future."
city watcher
28 Feb 2015
Latest VSA Capital Broker View Well I will certainly be buying into this more, and settle for 800% gain. Even if they have halvedtheir previous target price over Brent crude current value.Broker Views for Madagascar Oil SAMOIL: 3.75 -0.13 ( -3.23 %) delayed: 18:15PM Trade nowSummaryChartNewsTradesDirector dealsBroker viewsDate Broker Rec. Price Old target price New target price Notes27 Feb 15 VSA Capital Buy 3.75 70.00 35.00 Reiterates[link]
