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Investor Presentaiton

Organization Introduction Executive Directors and Senior Management J. Laurie Hunter - Chairman and CEO Mark Weller - COO ☐ Seth Fagelman - CFO - Gil Melman General Counsel Technical Staff ◉ L. Jim Lederhos - Chief Engineer Matt Meyer Chief Mining Engineer - Jim Collins Chief Geophysicist ◉ Tim Whitacre - Chief Geologist ◉ Bill Moodie Operations Engineer Non-Executive Directors Ian Barby John van der Welle Andrew Morris Colin Orr-Ewing Madagascar Management Alvaro Kempowsky - General Manager Emma Ralijohn - Deputy GM Elden Gilbertson - Drilling Manager 17 June 2011 Key Contractors ◉ Ramsgate Engineering - Bakersfield ◉ Norwest Corp - Calgary ◉ ■ KBR Granherne - Houston Simmons Drilling - Calgary - SEMM Logging – Paris Worley Parsons - Calgary ◉ Decision Strategies - Houston Investor Update MADAGASCAR OIL 25
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