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Madagascar Oil standoff with island government continues
Tuesday, February 08, 2011
by Andre Lamberti
Madagascar Oil’s standoff with the government is still continuing and the group said it remains extremely concerned by the delays that have been incurred since the initial meeting on December 16 2010 in which the island’s Ministry of Mines and Hydrocarbons (MMH) said it was interested in buying the company's licences.
The stock remains suspended at 75 pence.