Madagascar Oil resolves block issues with Government

摘要

MADAGASCAR OIL HAS successfully resolved the outstanding issues with the Government of Madagascar surrounding its three exploration blocks. Following a recent Management Committee Meeting with OMNIS, the state regulatory agency responsible for overseeing the country's oil and gas operations, the validity of the Production Sharing Contracts (PSCs) for Blocks 3105, 3106 and 3107 was confirmed and the forward work programme and budgets for the blocks were approved.