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Investor Update

MADAGASCAR OIL 100 Tsimiroro Steam Flood Pilot Facilities ■ Central Plant Designed Maximize use of equipment already in country imported by MOSA. Use oil to generate steam and electricity. Recycle most of the water and inject as steam. Uses technologies that are reliable and robust. Safety and Environmental protection built into plan. Safety berms Emergency water distribution around facilities and in oilfield. ■ Space between central plant components Instrumented to monitor key components, rates, temperatures and pressures, monitor and troubleshoot onsite and remotely. Water Preparation/Conditioning Steam and Electrical Generation Oil/Water Separation Oil Storage 17 June 2011 Investor Update LAY DOWN AREA 22 27
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