History
Europeans found the Bemolanga field in the 19th century and the Tsimiroro field in the early 20th century. However, the extensive oil seeps associated with both fields had been known to the local Malagasy population for centuries. During the 20th century various colonial and later overseas companies looked at the fields but never moved beyond initial exploration.
Sam Malin became aware of the fields in 1994. It took him nearly ten years to find financial partners to start an in-depth appraisal and ultimately development of the fields. As a result of his finally succeeding in his quest for such backing, Madagascar Oil was created in 2004.
Read more about this topic: Madagascar Oil
Famous quotes containing the word history:
“When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.”
—William Howard Taft (1857–1930)
“Properly speaking, history is nothing but the crimes and misfortunes of the human race.”
—Pierre Bayle (1647–1706)
“History takes time.... History makes memory.”
—Gertrude Stein (1874–1946)