Acquisitions and Divestitures News in Madagascar

Sterling Completed Withdrawal from Ambilobe Block
5/9/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that, following its previous announcement of 28 April 2016, its wholly owned subsidiary, Sterling Energy (UK) Limited has...
Sterling Withdraws from Ambilobe Block
4/28/2016 - Sterling Energy plc, the AIM listed oil and gas exploration company, announces that its wholly owned subsidiary, Sterling Energy (UK) Limited, has issued a notice of withdrawal from the Ambilobe block...
OMNIS Transfers Afren's Interest in Block 1101 to Oyster
11/12/2015 - Oyster Oil and Gas Ltd. has noted the widely reported demise of the Afren group, and also the recent release of its formerly held interests in Block 1101 in Madagascar. The Company is pleased to confi...
Oyster Issues Default Notice to Afren
8/10/2015 - Oyster Oil and Gas Ltd. on Friday 7th August notified Afren PLC of its failure to meet and maintain the financial obligations for its wholly owned subsidiary EAX Madagascar Limited ("EAX") and has iss...
Sterling Provides Update on Ampasindava Block
5/7/2015 - Sterling Energy Plc, the AIM listed oil and gas exploration company, provides the following update for the Ampasindava block, offshore Madagascar. ...
Sterling Provides Update for Ambilobe & Ampasindava Blocks
2/16/2015 - Sterling Energy Plc, the AIM listed oil & gas exploration company, is pleased to provide an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. ...
OMV Expands Portfolio in Madagascar
4/30/2014 - After acquiring an interest offshore Madagascar last year, OMV is taking the next step to expand its position in the country by signing a farm-in agreement with Tullow, an exploration-led company that...
Madagascar Consents to Farm-out of Ambilobe Block
12/4/2013 - On 1 November 2013, Sterling Energy Plc, the oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (UK) Limited (“Sterling”), had executed a Farmout...
ExxonMobil Receives Extensions to Madagascar Licenses
11/6/2013 - Exxon Mobil Corporation announced that its affiliates in Madagascar have received extensions to their production sharing contract licenses, which will enable the resumption of exploration activities o...
Oyster Closes Acquisition of Block 1101 in Madagascar
10/24/2013 - Further to the news release dated September 6, 2013, Oyster Oil and Gas Ltd is pleased to announce it has closed the transaction with Candax Energy Inc. ("Candax") to acquire a 10% working interest in...
Global Filed an Application to Renew Juan de Nova Est permit
9/11/2013 - Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that an application has been filed to renew the Juan de Nova Est permit for a fiv...
Candax Finalizes Agreement to Sell 10% in Madagascar Block 1101
9/6/2013 - Candax Energy Inc, a company focused on mature oil field development in Tunisia, announced that its subsidiary, Candax Madagascar Limited ("CML"), has finalized an agreement to sell its 10% working in...
Tower Acquired 20% Interest in Madagascan Licence
7/3/2013 - Tower Resources plc, the AIM listed Africa focussed oil and gas exploration company, is pleased to announce the acquisition of a 20% carried interest in Marovoay Block-2102, onshore Madagascar. The ac...
Candax Announces Sale of Interest in Madagascar Block 1101
6/28/2013 - Candax Energy Inc, announces that its subsidiary, Candax Madagascar Limited ("CML"), has reached an agreement to sell its 10% working interest in Block 1101 in Madagascar to Oyster Oil & Gas Limited (...
Madagascar Oil Provides Update on Exploration Blocks
4/5/2012 - Madagascar Oil is pleased to announce that it has successfully resolved the outstanding issues with the Government of Madagascar surrounding its three exploration blocks ("the Exploration Blocks"). ...
SAPETRO Purchases 90% Interest In Belo PSC
10/27/2011 - South Atlantic Petroleum Limited has reached agreement with Marex MC Inc. (MAREX) to purchase a 90% participating interest in the Belo Profond Production Sharing Contract (PSC), which is situated in d...
Sale of Interest and Withdrawal from Mozambique Blocks
7/8/2011 - ROC has agreed to sell its 75% interest in the Juan de Nova Maritime Profond Block, located in the French Exclusive Economic zone off the coast of Juan de Nova Island (Mozambique Channel), to South At...
Ministry of Mines Acquires Madagascar Oil Licences
12/16/2010 - Following a meeting between the Ministry of Mines and Hydrocarbons (the “Ministry”) and Madagascar Oil in Antananarivo late on Thursday 16 December 2010, the Ministry has indicated that it is interest...
Total Farms into Bemolanga Heavy Oil License
9/17/2008 - Total signed an agreement with Madagascar Oil S.A. to farm into the Bemolanga license with a 60% interest. Located onshore in western Madagascar, the 6,500 square kilometres Bemolanga license was awar...
BG Group Enters Madagascar with Farm-in Agreement
6/15/2006 - BG Group announced that it has acquired a 30 per cent interest in the Majunga Offshore Profond exploration block in Madagascar under a farm-in agreement with Vanco Madagascar Limited ('Vanco'). This a...

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