Oyster Oil and Gas Ltd. ("Oyster" or the "Company") is pleased to announce that it had commenced an airborne survey in the Republic of Djibouti.
The survey is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor.
The programme consists of a high density gravity and magnetics airborne survey over some 3,350 line kilometres onshore and offshore in southern Djibouti; the survey acquisition is scheduled for completion in January 2016, and the contract includes the processing and inversion studies of the data later in 2016.
Dr Phil Roach, Head of Exploration commented: “This survey will be an important addition to the Djibouti hydrocarbon dataset and will aid our understanding of structural development of the working petroleum system in Djibouti. We believe that this high quality survey will enable Oyster to identify optimum areas for further exploration work prior to making any drilling decisions.”