Madagascar Oil Limited reported unaudited consolidated earnings results for the six months ended June 30, 2013. For the period, the company's loss from operations was $4.9 million compared with $5.4 million a year ago. Loss before taxes was $4.9 million compared with $5.3 million a year ago.

Net loss and total comprehensive loss was $4.9 million or $0.01 per basic and diluted share compared with $5.4 million or $0.02 per basic and diluted share a year ago. Net cash used in operating activities was $13.7 million compared with $0.85 million a year ago. Payments for equipment and intangible assets were $2.2 million compared with $1.5 million a year ago.

Capital expenditures for the period were $13.5 million, compared to $27.8 million during the comparable period in 2012.