Investor Update
Bemolanga Future Steps
Madagascar Oil and Total will:
ā
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Pursue deep plays.
Conduct 8600 km of airborne FTG gravimetric
survey to determine potential basement
structures
Assess need for seismic acquisition.
The PSC will extend the current phase by one
year and allow for an additional 2 year
extension to drill an exploratory well.
Continue assessing the mining potential
Norwest to fully analyze the 2010 mine data
and update the bitumen PIIP assessment.
Based on preliminary observations, volumes
will not likely change significantly from the
2009 data analysis.
Continue to research the Taciuk ATP retort
process to determine if it has the potential to
improve both economics and mine extraction
performance.
17 June 2011
Investor Update
hola ng a
Proposed 2010 FTG
Survey
MADAGASCAR OIL
2010 FTG
Survey
19
tot
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