Scandoil  

Madagascar Oil provides strategic process update


Published Sep 8, 2015
Madagascar Oil

Madagascar Oil, which has over 1.7 billion barrels of contingent resources in the Tsimiroro field, provides the following update on its strategic partnering process and financing initiatives.

For the past two months, the Company has been working closely with its strategic advisor, Jefferies International Limited, to consider the Company's strategic options regarding the sourcing of a strategic partner(s) for the Tsimiroro development. A comprehensive Information Memorandum has now been finalized and a technical data-room has been opened with the view to attracting the optimal strategic partner(s) to assist the Company to fund and deliver the initial phases of its Tsimiroro development.

The Company's process to identify a potential strategic partner(s) is making steady progress, despite the current adverse market conditions, with interest being expressed by a number of credible parties. A clear timetable has been established and the process is currently expected to run through to the end of 2015, with the target of finalizing any transaction by the end of Q1 2016.

Tags: Madagascar Oil S.A.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml