EAX Awarded Block 1101 Onshore Madagascar

EAX, a wholly owned subsidiary of Black Marlin Energy Limited, has been officially awarded the Antisiranana Block 1101 located onshore Madagascar.

Although virtually unexplored, the single deep well on the license (drilled in 1964) had oil shows in cores, and older coring also revealed the presence of hydrocarbons in the sub-surface.

Geological fieldwork has already commenced to focus future work, which, aided by geochemical and seismic surveys, will provide the basis for future drilling.

Chris Matchette-Downes, VP Business Development for Black Marlin, comments: "The block has all the requisite components of a successful hydrocarbon system, and builds on EAX's strategy of acquiring acreage in the Western Indian Ocean margin, the former eastern Gondwana suture". EAX is partnered with CANDAX who holds a 60% stake in the block and will operate the asset.