Oyster Oil and Gas announces that it it intends to complete a private placement for gross proceeds of $400,000, which is expected to consist of units with each unit comprised of one common share and one common share purchase warrant at a price of $0.20 per unit, or such other price per unit determined by Oyster management in compliance with TSX [...]
Oyster Oil and Gas 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 [...]
Oyster Oil and Gas is pleased to confirm that following various meetings with the Office des Mines Nationales et des Industries Stratégiques the transfer documents were signed at a meeting held in Paris, France on June 2nd, 2016. The documents confirm that Oyster has 100% Working Interest and has been appointed Operator of the Antsiranana Block [...]
Oyster Oil and Gas announces the granting of 1,800,000 incentive stock options to purchase common shares of the Company to directors, officers and consultants of the Company. The newly granted stock options are exercisable at $ 0.14 share and will expire on May 20, 2021. The stock option grants are subject to filing with the TSX Venture Exchange.
Oyster Oil and Gas announces that it has arranged interim finance in the form of debt for an aggregate of the equivalent of Cdn$110,000 from related parties . The Financing consists of four unsecured promissory notes, due September 30, 2016 and bearing interest at 5% per annum. The collective Financings will be used to fund ongoing work and the [...]
Oyster Oil and Gas announces that it has arranged financing in the form of debt for an aggregate of the equivalent Cdn$310,000 from two arm's length parties; one Financing consists of a note instrument in the principal amount of US$150,000, bearing interest at 2% per annum, with the second Financing consisting of a promissory note in the principal [...]
Oyster Oil is pleased to announce that it had commenced an airborne survey in the Republic of Djibouti. The survey is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor. The programme consists of a high density gravity and magnetics airborne survey over some 3,350 line kilometres onshore and offshore in [...]
Oyster Oil and Gas announces that at the annual general shareholder meeting held on November 17, 2015, Michael Wood, the Company's President and CEO, Bruce McNaught, the Company's CFO, Donald A. Sharpe and Gregory G. Turnbull, were re-elected as directors of the Company for the ensuing year. Martin Bajic and Daniel MacNeil did not stand for [...]
Oyster Oil and Gas on Friday 7th August notified Afren of its failure to meet and maintain the financial obligations for its wholly owned subsidiary EAX Madagascar Limited and has issued a notice of default under the terms of the obligations for Block 1101 in Madagascar.
Oyster Oil and Gas is pleased to announce that the drilling and coring operations in Block 1101 onshore Madagascar, in which Oyster holds a 10% working interest, are now complete. As reported by the Operator, Afren PLC, a total of four strategic locations on the Block, which measures some 11,200 Km2 (2.8 million acres), were successfully drilled [...]
yster Oil and Gas is pleased to provide an update on the ongoing drilling and coring program in Block 1101 onshore Madagascar. Two wells located in the central part of the block have been successfully drilled and cored; the total combined drilled depth at these locations was some 850m. Both wells successfully completed their objectives to assess [...]
Oyster is pleased to announce that the Company has been advised by the Operator, Afren PLC that a contract has been awarded to UK based ALS Oil & Gas Group. The contract will include a multi-well coring program in Block 1101, onshore Madagascar including the "twinning" of a reported 1902 "discovery", which was the last well to be drilled on the [...]
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