23rd Jun 2015 09:46
LONDON (Alliance News) - Madagascar Oil Ltd on Tuesday said it has now submitted the environmental impact assessment for the Tsimiroro field.
The company secured approval for the development plan for the project in April and said the environmental plans have now been submitted to the Office Nationale de l'Environnement in Madagascar.
It expects a decision from Madagascan authorities in the second half of 2015.
Shares in Madagascar Oil were up 10% to 7.7 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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