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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2917)	10/25/2013 5:23:09 PM
From: Goose94	Read Replies (2) \| Respond to of 203932

OY-V closed at $0.60 up 11 cents vol. 38,500 shs Oyster Oil closed the transaction with Candax Energy Inc. to acquire a 10-per-cent working interest in block 1101 located onshore Madagascar. Michael Wood, president and chief executive officer, commented, "Oyster is very excited to complete the purchase of the Madagascar acquisition and we look forward to working with both Afren PLC and the government of Madagascar as we develop this world-class potential exploration play." Background information on block 1101, onshore Madagascar, Afren PLC Block 1101 is located onshore in the northwestern part of Madagascar and the production sharing contract covers an area of about 15,000 square kilometres (3.7 million acres). Since 2006 airborne gravity and magnetic surveys and about 430 km 2-D seismic have been acquired as well as extensive geological fieldwork and mapping undertaken. A number of substantial prospects and leads have been identified mainly in the potential Triassic and Jurassic sandstone reservoir formations. Afren PLC is listed on the London stock markets and is a highly successful exploration and production company with a strong African focus; the current market capitalization of Afren is approximately $2.5-billion. Afren holds a 90-per-cent working interest in block 1101. We seek Safe Harbor.