Madagascar Oil Ltd. is engaged in the oil and gas exploration and production in Madagascar. It is the holding company for Madagascar Mauritius and its subsidiaries, Madagascar SA and Majunga. The company's interests in each of the Tsimiroro Block, the Bemolanga Block and the Exploration Blocks are held through its subsidiary Madagascar SA. It currently holds interests in five contiguous blocks onshore western Madagascar through its wholly-owned subsidiaries. The company's oil and gas exploration and production activities and operations are carried on by Madagascar SA. Madagascar Oil was founded in 2004 and is headquartered in Houston, TX.