Investor Update slide image

Investor Update

Block 3106: Preliminary GORE Results Hydrocarbon Potential Model #8: Red closures represent a >50% probability of subsurface trapped hydrocarbons. Saronanala East "A" and "B" do not appear to have any significant areas above background. Namakia East indicates good potential on the crestal position of the deep mapped closure (orange area on map and seismic line). However, potential indicated outside of the mapped closure suggests the trap may be in the east-west trending Cretaceous turbidite channels (highlighted in yellow). Next Steps Continue processing GORE data to see if a fit with seismic can create a drillable prospect 17 June 2011 Investor Update Saronanala East "A" and "B Area #1 Namakia East Area #2 MADAGASCAR OIL -- 1000 acres 31
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