Caravel Energy Limited is focussed on the exploration for oil and gas in the Morondava basin in southern Madagascar, Africa.
- has entered East Africa at a time where major producers are looking to position themselves by consolidating the smaller players in the region;
- is currently conducting an aggressive work programme across its Bezaha Oil Project (Block 3114) in Southern Madagascar;
- has completed Stage 1 Seismic (165km – 5 lines) – exceptional early results; and
- has an experienced Board of Directors and local management team. The Board of Directors and senior management team have an enviable track record and Dr. Roseline Emma Rasolovoahangy is a Madagascan national and experienced professional with over 20 years’ experience in the oil and gas industry.
Block 3114 is a low cost onshore advanced exploration project with the possibility for considerable upside. The project is proximal to multi-billion barrel oil fields to the north.