Blocks off N. Madagascar drawing explorers' interest

Blocks that range from shore into deep water in the Mozambique Channel off northern Madagascar are garnering more interest from exploration companies.The blocks are in the lightly explored Ambilobe and Majunga basins.Sterling Energy PLC, London, was awarded 100% interest in the Ambilobe and Ampasindava licenses in July. The Ambilobe licenses is in the Ambilobe basin, while the Ampasindava license is in the northern Majunga basin.ExxonMobil Corp. recently took a farmout from Vanco Energy Co., Houston, of a 40% interest in the Majunga Offshore Profond block. Vanco was near farmout of a further 30% interest at this writing. Click here to enlarge imageOil and gas are not produced commerciall...

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