looking good..4 Mar 2019 12:11
The company's production-sharing contracts in Madagascar and Djibouti are held through Subco. Following completion of the settlement, the creditors will have control of these contracts.
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 it 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.