Heute stehen keine weiteren Termine an. » zu den Börsenterminen von morgen Das Team von peketec.de wünscht allen Tradern und Investoren einen schönen Feierabend :-)
Seit längerem verfolge ich ein interessantes Öl-Unternehmen aus Kanada.
Seit dieser News habe ich sie auf der watchlist:
June 28, 2016
Oyster Oil and Gas Ltd. Announces the Appointment of VSA Capital Limited as Financial Advisor and Corporate Broker
Vancouver, British Columbia, June 28 2016 - Oyster Oil and Gas Ltd. ("Oyster") announces it has appointed VSA Capital Limited as its financial advisor and corporate broker.
"We are pleased to appoint VSA Capital Limited, a London and Hong Kong based investment banking group with its highly regarded expertise in the natural resources sector and has been actively involved in financing projects in Madagascar to assist Oyster in advancing our strategy for growth," commented Mike Wood, CEO of Oyster.
About VSA Capital Limited
VSA Capital Limited is a London and Hong Kong based investment banking group providing corporate finance and corporate broking services to companies operating in the natural resources sector.
Nach dem Kursanstieg könnte natürlich ein weiteres PP kommen...da Oyster Oil Geld benötigt, um die Projekte voranzutreiben.
Meine damalige Vermutung war eher das VSA Capital vielleicht Kapital in das Unternehmen rein bringt. Kann ja noch kommen... Evil or Very Mad
Nach über einem Jahr haben Sie sogar mal die Präsentation erneuert:
Anbei die letzte Aufstellung der Assets aus Sedar:
- klar ist, Oyster braucht mehr Geld, aber die Assets sind mehr Wert als die aktuellen Verbindlichkeiten und aufgrund der positiven Reputation der Leute Wood & Turnbull glaube ich an der Story von Oyster Oil !gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Oyster Oil extends block 1101 exploration phase to 2019
2017-02-02 11:11 ET - News Release
Mr. Michael Wood reports
OYSTER OIL PROVIDES AN UPDATE ON BLOCK 1101 ONSHORE MADAGASCAR, WITH NEWS OF AN EXTENSION TO THE CURRENT EXPLORATION PERIOD AND RESTRUCTURING OF PSC
Oyster Oil and Gas Ltd. confirms that, following negotiations with the Office des Mines Nationales et des Industries Strategiques (OMNIS), an agreement has been reached to provide a two-year extension to the current exploration phase of the production-sharing contract (PSC) to July, 2019. Furthermore, a refinement of the terms and work program has also been agreed so as to focus the program more tightly on achieving the drilling scheduled for late 2018/early 2019.
Oyster has opened an office in Antananarivo. The various financial guarantees have also been restructured to enable a greater focus to be on technical work and investment in block 1101. The technical work program for 2017 has also been defined, which will include fieldwork and detailed surveys to improve the structural definition and drilling locations on the prospects.
Michael Wood, president and chief executive officer, commented: "Oyster and OMNIS have worked closely together to ensure the continuing investment and future success in block 1101, and I'd like to acknowledge the contribution and professionalism of the OMNIS team during this process. Oyster has mapped a number of multibillion-barrel structures in block 1101; these are mapped as conventional light oil plays based on the evidence from the 2014 drilling and coring program, which confirmed a mature light oil source being present in the basin. Oyster looks forward to engaging with the various agencies of the government of Madagascar and the local communities as we work together to develop the potential in block 1101."
Oyster Oil and Gas Ltd.
Oyster is an international oil and gas exploration company with a focus on Eastern Africa. Oyster holds production-sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds 100 per cent of four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; Oyster also holds a 100-per-cent working interest in block 1101, onshore Madagascar, which covers approximately 2.8 million acres.
Oyster receives Djibouti OK for phase III exploration
2017-03-02 10:23 ET - News Release
Dr. Phil Roach reports
OYSTER OIL - DJIBOUTI EXPLORATION DEVELOPMENTS
Effective March 1, 2017, Oyster Oil and Gas Ltd. has received government of Djibouti approval to commence exploration activities under phase III of the production-sharing contract. Phase III is for a duration of three years to the end of February, 2020.
Technical update
Oyster has undertaken extensive exploration activities across its four exploration blocks in Djibouti over the past five years; however, the main exploration focus in the last year has been in block 1, located in the southeast of the country. The block is substantially onshore, but also includes the adjacent offshore acreage and covers an area of 3,400 square kilometres.
Results of the 2016 airborne gravity and magnetics survey conducted by Bridgeporth indicate that the target Mesozoic sedimentary basin, which outcrops in the southwest of Djibouti, extends across most of block 1. In January, 2017, Oyster's technical team, with support from energy ministry staff, conducted scouting field trips across this large potential field area to evaluate the scope for the next phase of exploration activities, including an onshore seismic campaign.
Dr. Phil Roach, head of exploration, commented: "Oyster is delighted to proceed to the third exploration phase in Djibouti, and is grateful to both the energy ministry and CERD for their continued support. We are targeting a Mesozoic basin which is seen in outcrop in the southwest of the country, since the Mesozoic basins on the south side of the Gulf of Aden were once contiguous with the prolific hydrocarbon basins in Yemen to the north, prior to the opening of the Gulf of Aden.
"Our work programs over the last five years have been thoughtfully designed to derisk the various elements involved and have been extremely successful to that end. Geological fieldwork in southwest Djibouti has already confirmed the presence of a Jurassic oil source, reservoir and seal.
"The areal extent of the Mesozoic basin in block 1 remained a major uncertainty, but the results from the airborne survey surpassed expectations and indicates that the basin does extend throughout most of block 1. The airborne survey has also allowed us to high-grade a specific area for seismic acquisition in the near future."
About Oyster Oil and Gas Ltd.
Oyster is an international oil and gas exploration company with a focus on Eastern Africa. Oyster holds production-sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds a 100-per-cent working interest in block 1101 onshore Madagascar, which covers approximately 2.8 million acres. Oyster also holds 100 per cent of four blocks comprising approximately 3.5 million acres onshore and offshore Djibouti.
OYSTER OIL AND GAS LTD. ANNOUNCES PROPOSED FINANCING
Oyster Oil and Gas Ltd. intends to complete a private placement for gross proceeds of up to approximately $1.3-million, which is expected to consist of units, with each unit comprising one common share and one-half of one common share purchase warrant, at a price of 40 cents per unit or such other price per unit determined by Oyster management in compliance with TSX Venture Exchange pricing regulations. Each whole share purchase warrant will be exercisable to acquire one common share of the company at a price of 45 cents per share for a period of 18 months following the closing of the financing. The company anticipates that the financing will be closed in two tranches, the first tranche for gross proceeds of $850,000 and the second for the balance of $450,000. The financing may be brokered or non-brokered, and commissions and/or finders' fees in cash or securities may be payable in connection with the financing subject to compliance with exchange policies. Proceeds from the financing are expected to be used for continuing working capital requirements.
Completion of the financing is subject to exchange acceptance, and all securities issued pursuant to the financing will be subject to a hold period as required under applicable securities legislation.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.
Oyster Oil closes $850,000 first tranche of placement
2017-05-10 17:31 ET - News Release
Ms. Emily Davis reports
OYSTER OIL AND GAS LTD. ANNOUNCES CLOSING OF FIRST TRANCHE OF FINANCING
Oyster Oil and Gas Ltd. has closed the first tranche of its previously announced non-brokered private placement financing.
An aggregate of 2,125,000 units (the "Units"), at a price of $0.40 per Unit, were issued in the First Tranche for gross proceeds of $850,000. The Company currently expects to close a second and final tranche of the Financing for gross proceeds of approximately $450,000 on or before June 5, 2017.
Net proceeds from the Financing will be used by the Company for working capital.
Each Unit consists of one common share of the Company (each, a "Share") and one-half of one transferable common share purchase warrant (each, whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $0.45 until November 10, 2018.
In the First Tranche closing, the Company paid finders fees of 6% cash in the aggregate amount of $25,500.
The Shares and Warrants are subject to a hold period expiring September 11, 2017. The Financing remains subject to final acceptance of the TSX Venture Exchange.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.
OYSTER OIL AND GAS LTD. ANNOUNCES PROPOSED FINANCING
Oyster Oil and Gas Ltd. intends to carry out a private placement financing for aggregate gross proceeds of up to $1-million by issuing up to two million units at a subscription price of 50 cents per unit. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 55 cents for a period of two years from the date of issue. Proceeds from the financing are expected to be used for working capital and general corporate purposes.
The financing may be brokered or non-brokered, may close in one or more tranches, and commissions and/or finders' fees payable in cash or securities may be paid by the company in connection with the financing subject to compliance with TSX Venture Exchange policies. The financing remains subject to approval of the TSX-V, and all securities issued pursuant to the financing will be subject to a hold period as required under applicable securities legislation.
Further to the company's new releases dated April 19 and May 10, 2017, as a result of the proposed financing, the company will not be proceeding with tranche 2 of its previously announced private placement.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production-sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.
Oyster increases private placement to $1.5-million
2017-06-06 18:32 ET - News Release
Ms. Emily Davis reports
OYSTER INCREASES SIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO CDN$1,500,000
Due to strong demand, Oyster Oil and Gas Ltd. has increased the size of its previously announced non-brokered private placement of units from aggregate gross proceeds of up to $1-million to up to $1.5-million.
Pursuant to the financing, the company will issue an aggregate of up to three million units at a price of 50 cents per unit. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of 55 cents for a period of two years from closing of the financing. The securities issued in connection with the financing will be subject to a statutory hold period in accordance with applicable securities legislation.
The closing of the financing is expected to occur by no later than July 13, 2017, and remains subject to certain closing conditions, including, but not limited to, the receipt of applicable regulatory approvals and the completion of required regulatory filings with the TSX Venture Exchange. The company intends to use the net proceeds of the financing for general corporate and working capital purposes.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production-sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds a 100-per-cent working interest and is the operator of four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
OYSTER ANNOUNCES LISTING ON FRANKFURT STOCK EXCHANGE AND DEBT SETTLEMENT AGREEMENT
Effective June 12, 2017, Oyster Oil and Gas Ltd.'s common shares have been listed on the Frankfurt Stock Exchange under the trading symbol 13L.
Michael Wood, Oyster's chief executive officer, commented, "Listing Oyster on the Frankfurt Stock Exchange will give the company exposure to a much broader audience in the international investment community, which we believe will enhance knowledge of the company's interests and activities in Africa, and thus facilitate in due course investment by European investors."
Oyster also announces that it has reached an agreement with an arm's-length creditor to settle outstanding indebtedness of $205,051. Pursuant to the terms of the settlement, Oyster will issue 512,627 units at a deemed price of 40 cents per unit to satisfy the outstanding indebtedness. Each unit consists of one common share of Oyster, and one transferable common share purchase warrant exercisable at a price of 55 cents for a period of 24 months from the date of issuance. Completion of the settlement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the settlement will be subject to a four-month statutory hold period commencing from the date of issuance in accordance with applicable securities legislation.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contract interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
The TSX Venture Exchange has accepted for filing the company's proposal to issue 512,627 shares and 512,627 share purchase warrants to settle outstanding debt for $205,051.02.
Number of creditors: one creditor
Warrants: 512,627 share purchase warrants to purchase 512,627 shares
Warrant exercise price: 55 cents for a two-year period
The company shall issue a news release when the shares are issued and the debt extinguished.
OYSTER ANNOUNCES AN UPDATE TO CAD$1.5M PRIVATE PLACEMENT FINANCING, THE CLOSING OF DEBT SETTLEMENT AGREEMENT AND ALSO THE INTENTION TO LIST ON THE AIM MARKET OF THE LONDON STOCK EXCHANGE (THE AIM LISTING)
Oyster Oil and Gas Ltd., further to the company's press releases dated May 31 and June 6, 2017, has released updated terms to its previously announced private placement financing. The company now intends to proceed with concurrent non-brokered private placements of units and convertible debentures pursuant to which it expects to raise aggregate gross proceeds of up to $1.5-million.
Pursuant to the unit financing, the company intends to do a raise of up to $632,500 by issuing up to an aggregate of 1,265,000 units at a price of 50 cents per unit. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of 55 cents for a period of two years from closing of the unit financing.
Pursuant to the convertible debenture financing, the company also intends to do a raise of up to $867,500 by issuing convertible debentures. The convertible debentures shall accrue interest at the rate of 10 per cent per annum and shall be convertible at the option of the holder into common shares at a deemed price of the lesser of 50 cents or a 20-per-cent discount to the Alternative Investment Market listing offering price of Oyster's common shares, subject to compliance with TSX Venture Exchange minimum pricing policies, at any time before one year from closing of the debenture financing, subject to acceleration upon completion of the AIM listing, or otherwise shall become due and payable by the company. The subscribers to the debenture financing shall be issued one detachable warrant for every 50 cents of principal convertible debentures subscribed for, with each warrant entitling the holder thereof to acquire one common share at a price of 55 cents for a period of one year, subject to acceleration upon completion of the AIM listing. Accrued interest on the convertible debenture may be converted into common shares at a minimum conversion price of not less than the market price (as defined in TSX-V policies) at the time such interest becomes due and payable.
The closing of the financings are expected to occur by no later than July 13, 2017, and remain subject to certain closing conditions, including, but not limited to, the receipt of applicable regulatory approvals and the completion of required regulatory filings with the TSX-V. Commissions and/or finders' fees payable in cash or securities may be paid by the company in connection with the financings subject to compliance with TSX-V policies. The company intends to use the net proceeds of the financings for costs associated with the AIM listing, and general corporate and working capital purposes.
The company also announces that it has settled aggregate indebtedness of $205,051 owed to an arm's-length creditor by issuing 512,627 units at a deemed price of 40 cents per settlement unit. Each settlement unit consisted of one common share and one warrant exercisable at an exercise price of 55 cents until June 19, 2019. All securities issued pursuant to the settlement are subject to a four-month statutory hold period commencing on June 19, 2017, in accordance with applicable securities legislation.
The company is also pleased to announce that it intends to list its common shares on the AIM of the London Stock Exchange. The company is in the process of engaging a nominated advisor and one or more brokers, as well as other advisers, in connection with the AIM listing and will provide a further corporate update in due course.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production-sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
OYSTER COMPLETES CAD$1.3 MILLION PRIVATE PLACEMENT
Oyster Oil and Gas Ltd. has closed its concurrent non-brokered private placements of units and convertible debentures for gross proceeds of $1,300,915.
In connection with closing, the company has issued 300,000 units, at a price of 50 cents per unit, for gross proceeds of $150,000. Each unit consists of one common share of the company and one transferable common share purchase warrant. Each unit warrant entitles the holder to acquire a further common share at a price of 55 cents for a period of 24 months.
The company has also issued convertible debentures in the principal amount of $1,150,915. The convertible debentures accrue interest at the rate of 10 per cent per annum, are convertible at the option of the holder into common shares of the company at a deemed price of the lesser of 50 cents or a 20-per-cent discount to the Alternative Investment Market listing offering price of the company's common shares, subject to compliance with TSX Venture Exchange minimum pricing policies, and have a term of 12 months, subject to acceleration upon completion of the AIM listing. Accrued interest on the convertible debentures may be converted into common shares at a minimum conversion price of not less than the market price (as defined in the policies of the TSX Venture Exchange) at the time such interest becomes due and payable. Subscribers for convertible debentures have also been issued 575,458 detachable common share purchase warrants for every $2 of principal convertible debentures subscribed for. Each debenture warrant entitles the holder thereof to acquire one common share at a price of 55 cents until the expiry of the convertible debentures.
In connection with the issuance of the convertible debentures, the company has paid a finder's fee of $4,038 and issued 14,684 share purchase warrants exercisable at a price of 55 cents for a period of 24 months to VSA Capital Ltd. In connection with the company's private placements closed Jan. 25, 2017, and May 10, 2017, the company also announces that it has obtained approval from the TSX Venture Exchange to pay aggregate finders' fees of $4,250 and issue 12,500 share purchase warrants to VSA. Four thousand of the warrants are exercisable at 20 cents until Jan. 25, 2019, and 8,500 are exercisable at 40 cents until May 10, 2019.
The company anticipates receiving additional subscriptions for the private placement of convertible debentures and may complete an additional issuance of convertible debentures if and when those subscriptions are received. Any additional issuances of convertible debentures are subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement of units and convertible debentures, and as finders' fees to VSA, are subject to a four-month-and-one-day statutory hold period.
Michael Wood, president and chief executive officer of the company, commented, "Oyster is pleased to have completed this finance closing, and as previously announced, it is moving towards the completion of an IPO [initial public offering] on the AIM market of the London Stock Exchange, which is planned to be completed in the near future."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on eastern Africa. Oyster holds production-sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
OYSTER ANNOUNCES ENGAGEMENT OF ADVISERS FOR PROPOSED AIM LISTING AND CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT
In connection with Oyster Oil and Gas Ltd.'s proposed admission of its common shares to trading on AIM (Alternative Investment Market), a market of the London Stock Exchange, the company has appointed Beaumont Cornish Ltd. as financial and nominated adviser and Peterhouse Corporate Finance Ltd. as broker. The company anticipates the AIM listing to occur in the near future.
Oyster is also pleased to announce that, further to the company's press release dated July 25, 2017, the company has issued an additional $81,300 of principal amount of convertible debentures, which, together with the first tranche of the company's convertible debenture, completes the private placement, resulting in aggregate gross proceeds to the company of $1,232,215. The convertible debentures accrue interest at the rate of 10 per cent per year, are convertible at the option of the holder into common shares of the company at a deemed price of the lesser of 50 cents or a 20-per-cent discount to the AIM listing offering price of the company's common shares, subject to compliance with TSX Venture Exchange minimum pricing policies, and have a term of 12 months, subject to acceleration upon completion of the AIM listing. Accrued interest on the convertible debentures may be converted into common shares at a minimum conversion price of not less than the market price (as defined in the policies of the TSX-V) at the time such interest becomes due and payable. The subscriber for this additional tranche of convertible debentures has also been issued 40,650 detachable common share purchase warrants. Each debenture warrant entitles the holder thereof to acquire one common share at a price of 55 cents until the expiry of the convertible debentures. All securities issued in connection with the convertible debentures are subject to a four-month-and-one-day statutory hold period.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production-sharing contract interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
2017-08-09 16:43 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 20, 2017.
Convertible debenture: $1,232,215
Initial conversion price: 50 cents per common share
Term of maturity: one year*
Interest rate: 10 per cent
Warrants: 616,108 share purchase warrants to purchase 616,108 shares
Initial exercise price: 55 cents
Term to expiry: maturity of the debentures*
* Convertible at the option of the holder into common shares of the company at a deemed price of the lesser of 50 cents or a 20-per-cent discount to the Alternative Investment Market listing offering price of the company's common shares, subject to compliance with TSX Venture Exchange minimum pricing policies, term of 12 months, subject to acceleration upon completion of the AIM listing.
Number of placees: two placees
Finder's fee: VSA Capital Ltd., $4,038 cash and 14,684 warrants
Finder's warrant initial exercise price: 55 cents
Finder's warrant term to expiry: exercisable for 24 months from issuance
Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
Oyster Oil hires contractor for survey at block 1101
2017-11-06 07:52 ET - News Release
Ms. Emily Davis reports
OYSTER SIGNS MADAGASCAR FTG SURVEY CONTRACT
Oyster Oil and Gas Ltd. has signed an agreement with AustinBridgeporth to acquire an airborne full tensor gravity gradiometry (FTG) survey in the southern part of block 1101, onshore Madagascar. The program, planned for this month, measures approximately 520 square kilometres and will total around 2,860 line kilometres.
Dr. Phil Roach, head of exploration, commented: "We are very pleased to work with AustinBridgeporth once again, following the successful airborne survey onshore Djibouti in 2016. AustinBridgeporth has carried out feasibility studies for Oyster, which have indicated that the FTG data should resolve the remaining structural uncertainties and will enable Oyster to move forward and finalize locations for its future exploration drilling program in Madagascar."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on eastern Africa. Oyster holds production sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
CONFIRMATION OF GOVERNMENT DECREES & OPERATIONAL UPDATE, MADAGASCAR
Presidential decrees have been signed, confirming the appointment of Oyster Oil and Gas Ltd. as operator holding a 100-per-cent working interest in block 1101 and also the grant of an extension of the current exploration phase to July, 2019.
In addition, the Oyster technical team has completed additional geological field work during the second half of November, collecting samples and further structural measurements. Potentially, high quality Jurassic source rocks were found close to one of Oyster's main prospects and will be sent for laboratory analysis. However, a decision has been made to defer the FTG survey until 2018, due to the impending cyclone season, the need to integrate the latest fieldwork into the structural models, and also to allow for some further clarification on the permitting for an expanded survey.
Michael Wood, CEO, commented, "We are delighted the Presidential Decrees have been signed. A great deal of progress has been achieved by the team, but the delays in commencing the FTG survey have caused us to review the timing and scope of the proposed survey. We expect to re-initiate the survey in 2018 subject to scheduling and availability of AustinBridgeporth personnel and equipment."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a 100% working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
ORIGINAL: Oyster Confirms Good Quality Oil Source Rock in Madagascar
2017-12-12 16:11 ET - News Release
VANCOUVER, BC / ACCESSWIRE / December 12, 2017 / Oyster Oil and Gas Ltd. ("Oyster" or the "Company") (TSX-V: OY, FSE: 13L) commissioned an independent geochemistry study by UK-based GH Geochem Ltd. of core samples recovered from a well drilled as part of the 4 well coring campaign carried out in Block 1101 in Q3/Q4 2014. The cores were recovered from a well drilled at Ankaramy, which is adjacent to some very large, highly prospective anticlinal structures located on the Ampasindava Peninsula, in the southwest of Block 1101.
In summary, the biomarker evaluation of the migrated oil not only confirms the presence of migrated petroleum but also shows that the oil is from a peak mature, clay-rich source rock deposited in a marine nearshore environment, probably migrated from more deeply buried Jurassic or perhaps older source rocks.
Dr. Phil Roach, Oyster's Head of Exploration, commented, "It has taken three years for Oyster to get access to these well cores and undertake this important piece of geochemical analysis work done, which confirms that there is a viable working petroleum system in this part of Madagascar."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a 100% working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
Oyster Oil prepares for onshore seismic at Djibouti
2018-01-09 12:13 ET - News Release
Ms. Emily Davis reports
OYSTER OIL PREPARES FOR DJIBOUTI SEISMIC CAMPAIGN
Oyster Oil and Gas Ltd. is preparing for an onshore seismic campaign in Djibouti. Invitations to tender have been issued and an independent environmental impact assessment report has been commissioned.
Oyster Oil has identified a large unexplored sedimentary basin located in block 1, onshore Djibouti. The basin is located close to the coast and is also quite near to the capital, Djibouti City, and thus, to the excellent infrastructural capacity of the port, road, rail and air networks of Djibouti, one of East Africa's major international transportation hubs.
Oyster Oil holds 100-per-cent equity in both onshore and offshore blocks in Djibouti. Oyster Oil will also be seeking to acquire an offshore 2-D seismic survey subject to identifying with a suitably qualified contractor.
Dr. Phil Roach, Oyster's head of exploration, commented: "We are tendering for a 2-D seismic survey of up to approximately 200 line kilometres over the mapped Mesozoic sedimentary basin (Jurassic and Cretaceous) in block 1. Oyster Oil has conducted extensive field studies and various surveys over the last few years and believes that Djibouti has the potential to mirror the highly prolific hydrocarbon reserves/production potential that exists across the narrow Red Sea/Gulf of Aden Rift in Yemen."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster is the operator and holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti. Oyster also holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
Oyster Oil and Gas Ltd.'s Bruce McNaught has decided to resign for personal reasons as both a director and officer of the company, effective immediately. Martin Bajic has been appointed as chief financial officer of the company. Michael Wood, chief executive officer, commented, "I'd like to welcome Martin in his new role as chief financial officer and also to thank Bruce for his contributions and to wish him well for the future."
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the government of Djibouti and the government of Madagascar. Oyster is the operator and holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti. Oyster also holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
Don Sharpe has decided to resign from the board of directors of Oyster Oil and Gas Ltd. in order to pursue other business activities. The corporation wishes to thank Mr. Sharpe for his work as a director. Michael Wood, chief executive office, commented, "I'd like to thank Don for advice and contributions to Oyster; we are very grateful and wish him well for the future." Oyster has decided to undertake a corporate strategic review and hopes to announce the outcome of its review in the near future.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contract interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a 100-per-cent working interest and is the operator of an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
Michael Wood ist raus.... nun auch von meiner Watchlist...
Oyster Oil appoints Bajic as interim CEO, director
2019-02-08 16:47 ET - News Release
Mr. Martin Bajic reports
OYSTER CORPORATE UPDATE
Oyster Oil and Gas Ltd. has appointed Martin Bajic, the company's current chief financial officer, as interim chief executive officer and a director of the company, effective Feb. 8, 2019. In connection with such appointment, Michael Wood has decided to step down as chief executive officer and a director. The company thanks Mr. Wood for his contributions to Oyster and wishes him well for the future.
Oyster Oil and Gas has decided to undertake a corporate strategic review and hopes to announce the outcome of its review in the near future.
About Oyster Oil and Gas Ltd.
Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production-sharing contract interests with the government of Djibouti and the government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti, and holds a 100-per-cent working interest in, and is the operator of, an onshore block located in northwest Madagascar covering approximately 2.8 million acres.
