Oyster to Take on Afren Interest in Madagascar

Thursday, November 19, 2015

Oyster Oil & Gas could be the recipient of Afren’s holdings in Madagascar in the form of its interest in Block 1101. Oyster said that it was invited to meet with OMNIS to agree to the transfer of Afren’s responsibilities for Block 1101 in accordance with the various contract agreements as well as discussions for the forward work program for 2016-2017.

Michael Wood, CEO commented: “The Oyster executive team have a long standing relationship with Madagascar and OMNIS, which goes back to 2006 as original signatories and operator of the contract (with a previous company). We look forward to working closely together in the future with OMNIS in developing the forward work program and oil prospectivity of Block 1101.”

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