Investor Update
Block 3107: Preliminary GORE Results
Hydrocarbon Potential Model #8:
Red closures represent a >50% probability of
subsurface trapped hydrocarbons.
Good potential is indicated with above background
readings noted in all three areas with Manandaza
area almost saturated.
The presence of hydrocarbon potential outside
mapped closures indicates we may not understand
the trap.
The low porosity/permeability noted in past drilling
may also play a role in the overall micro seepage
response.
Next Steps
Continue reprocessing the GORE data to determine
if a seismic fit can be developed.
Area #1
1000 acres
"
Conduct further study on the impact of low
permeability on GORE readings.
ā
Consider additional seismic if the broad distribution
above background cannot be resolved by data
processing.
Ensure that any heavy indications that may be from
shallow unmapped sands are excluded.
17 June 2011
Investor Update
Manandaza S1
MADAGASCAR OIL
Area #2
Area #3
32
2View entire presentation