Djibouti<\/a> and Madagascar.<\/p>\nOyster is an upstream oil and focuses on Eastern Africa and 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oyster Oil and Gas Ltd has announced that it has closed the first tranche of its previously announced non-brokered $850,000 on private placement financing. The Company currently expects to close … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":5947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[607,891,1470,1949,2078],"class_list":["post-5946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-djibouti","tag-financing","tag-madagascar","tag-oyster-oil-and-gas","tag-private-placement","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/Oyster-Oil-and-Gas.png?fit=481%2C208&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1xU","jetpack-related-posts":[{"id":6047,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-increases-size-previously-announced-private-placement-1-1-million\/","url_meta":{"origin":5946,"position":0},"title":"Oyster Increases Size of Previously Announced Private Placement To $1.1 Million","author":"","date":"June 9, 2017","format":false,"excerpt":"Oyster Oil and Gas Ltd \u00a0has announced that due to strong demand the Company has increased the size of its previously announced non-brokered private placement of units from aggregate gross proceeds of up to CDN$450,000 (approx. $USD333000) to up to CDN$1,500,000 (approx. $USD1110165). Oyster Oil and Gas Ltd had earlier\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/Oyster-Oil-and-Gas.png?fit=481%2C208&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1515,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-to-commence-drilling-madagascars-block-1101\/","url_meta":{"origin":5946,"position":1},"title":"Afren to commence drilling Madagascar’s block 1101","author":"Samuel Kamau Mbote","date":"July 30, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Oyster Oil and Gas has announced it has been advised by the Operator of Block 1101, onshore Madagascar, Afren PLC that a contract for a multi-well drilling program has been awarded to UK based ALS Oil & Gas Group. The drilling contract will include the twinning of a\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/madagascar-block-1101.jpg?fit=424%2C437&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":959,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-and-gas-to-start-drilling-in-djibouti-and-mozambique-in-2015\/","url_meta":{"origin":5946,"position":2},"title":"Oyster oil and gas to start drilling in Djibouti and Madagascar in 2015","author":"Samuel Kamau Mbote","date":"April 30, 2014","format":false,"excerpt":"\u00a0 Oyster oil and gas will begin drilling in Djibouti and Madagascar in 2015 the first wells by the company since its formation in 2010. The company that has four blocks in Djibouti measuring 14,400 square kilometers following the PSA signing in September 2011 says it is on the second\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4216,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-commences-3350-line-kilometers-of-airborne-survey-in-djibouti\/","url_meta":{"origin":5946,"position":3},"title":"Oyster Oil Commences 3350 line kilometers of Airborne Survey in Djibouti","author":"","date":"January 5, 2016","format":false,"excerpt":"Oyster Oil and Gas Ltd has commenced an airborne survey in the Republic of Djibouti which is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor. The survey consists of a high density gravity and magnetics airborne survey over some 3,350 line kilometres onshore and offshore in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"djibouti oyster oil","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=700%2C400 2x"},"classes":[]},{"id":5727,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-and-gas-enters-phase-iii-in-djibouti-exploration\/","url_meta":{"origin":5946,"position":4},"title":"Oyster Oil and Gas Enters Phase III in Djibouti Exploration","author":"","date":"March 3, 2017","format":false,"excerpt":"Oyster Oil and Gas Ltd. has announced that effective 1st March 2017 it has received Government of Djibouti approval to commence exploration activities under Phase III of the Production Sharing Contract for a duration of three years to the end of February 2020. Over the past 5 years Oyster has\u2026","rel":"","context":"In "PSCs"","block_context":{"text":"PSCs","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/pscs\/"},"img":{"alt_text":"djibouti oyster oil","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=700%2C400 2x"},"classes":[]},{"id":954,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eastern-africa-oilgas-lngenergy-conference-starts-in-nairobi\/","url_meta":{"origin":5946,"position":5},"title":"Eastern Africa Oil,Gas\/ LNG& Energy Conference starts in Nairobi","author":"Samuel Kamau Mbote","date":"April 29, 2014","format":false,"excerpt":"The conference and summit brings together stakeholders in the oil and gas industry including government, African National Oil companies, Licensing agencies, foreign state national players and the supporting service industry. The conference will in the first day address a host of issues including: acreage, assets and licensing in Eastern Africa,\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5946"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5946\/revisions"}],"predecessor-version":[{"id":5949,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5946\/revisions\/5949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/5947"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}