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

To: Goose94 who wrote (5977)	7/28/2014 10:58:10 AM
From: Goose94	Read Replies (1) \| Respond to of 203936

Oyster Oil and Gas (OY-V) July 28, '14 has been advised by the operator, Afren PLC, that a contract has been awarded to United Kingdom-based ALS Oil & Gas Group. The contract will include a multiwell 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 block. The program is designed to achieve a number of objectives including the recovery of about 2,000 metres (6,500 feet) of core samples. The program is scheduled to commence in late August, 2014. Oyster holds a 10-per-cent working interest in block 1101. Michael Wood, president and chief executive officer, commented: "Oyster is excited about the hydrocarbon potential of block 1101. Several exploration targets have been mapped with mean resource volumes estimated to be greater than 2.2 billion barrels recoverable (unrisked). The joint venture has been working closely together to define and develop the exploration program for block 1101, which will include the drilling of a world-class exploration prospect in 2015; the 2014 drilling and coring work forms an integral part of the block 1101 exploration strategy."