Oyster Signs Madagascar FTG Survey Contract
Oyster Oil and Gas Ltd. ("Oyster"or the "Company") is pleased to announce that it has signed an agreement with AustinBridgeporth to acquire an Airborne Full Tensor Gravity Gradiometry (FTG) survey in the southern part of Block 1101, onshore Madagascar. The programme, planned for this month, measures approximately 520 square kilometers and will total around 2,860 line kilometers.
Dr. Phil Roach, Head of Exploration commented: "We are very pleased to work with AustinBridgeporth once again, following the successful airborne survey onshore Djibouti in 2016. AustinBridgeporth has carried out feasibility studies for Oyster, which have indicated that the FTG data should resolve the remaining structural uncertainties and will enable Oyster to move forward and finalize locations for its future exploration drilling programme in Madagascar."
Source: Oyster Oil and Gas Ltd.