Madagascar Oil

Madagascar Oil SA is a company based in Houston, Texas, which is active in development, exploration and production of petroleum in Madagascar. It is a subsidiary of Madagascar Oil Limited, Bermuda.

Madagascar Oil was founded by Canadian Sam Malin, the South Africans Michael Smith and the Australian Robert Nelson in 2004. Madagascar Oil is owned by the oil sands fields of Tsimiroro ( an estimated 3 billion barrels ) and Bemolanga (an estimated 16.6 billion barrels ). There is a collaboration with the French oil company Total. The company was listed on the London AIM exchange, but exposed end of December 2010 from trade. The main owners are Touradji Capital Management, RAB Capital, Persistency Group, Plainfield, Blakeney Group, the John Paul De Joria Family Trust, Grafton Resources.

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