Oyster Oil and Gas Limited (OY.V) is an African and Middle Eastern focused exploration company listed on the Toronto Venture Exchange (TSX:V)

The group is headquartered in Vancouver (Canada), with its European offices based in Guernsey (Europe), and local offices in Djibouti (Republic of Djibouti)

Oyster is an international energy group focused on oil and gas exploration and production activities in underexplored hydrocarbon basins. Oyster currently operates 4 blocks in the Republic of Djibouti (100% interest); 3 blocks are located onshore and 1 block offshore, and also the sole interest holder in 1 onshore block in the Republic of Madagascar .

OUR STRATEGY

• To identify assets in under-explored areas but within known hydrocarbon basins
• Spread technical risk by acquiring several licences in different countries with
  multiple exploration target potential
• Manage work programmes, phasing activity towards exploration drilling
• Take on higher non-technical risks, for example political, security etc

Why Africa and the Middle East:

Oyster's strategy is to establish itself as an esteemed African and Middle East independent energy company. Oyster has access to an extensive network of Ministerial and business relationships throughout Africa and the Middle East. The Company represents a broad range of technical and commercial upstream experience contained within its highly motivated management team, through which it seeks to build a world class oil & gas portfolio.

Portfolio Management:

Oyster seeks to negotiate value enhancing equity positions, providing the flexibility when required, to farm in partners to share technical experience and use of new geoscience technologies in defining and delineating world class oil & gas reserves. The strategy spreads investment risk whilst providing share value growth through value-adding exploration activity for both Oyster's and its partners' shareholders.

Oyster's board is committed to ensuring a common understanding within the board, stakeholders and investors to meet the highest standards of corporate governance to maintain business integrity and trust.

Board Governance and Responsibilities 

The Board will:

• lead by example, set the tone from the top, behave accordingly, and pay attention to the ethical health of Oyster's organisation;
• make appointments to the Board, appoint senior management and Committee membership;
• set remuneration for Directors and senior executives that is transparent and aligned with individual performance to promote organisational performance;
• empower executive managers and committee's by setting clear goals, accountabilities, structures, committees, delegated authorities and policies;
• acknowledge and address the organisation's strengths and weaknesses;
• monitor management's progress towards achievement of goals;
• ensure business strategies consider both risk and reward through understanding, acceptance and challenging executive management when appropriate;
• approve annual budgets and operating plans, annual and half year reports and interim management statements;
• review financial performance;
• implement effective internal controls;
• approve of health, safety, environmental, anti-bribery and other relevant policies;
• establish Oyster's core values and ensure good corporate governance

Separation of Powers 

Oyster maintains a clear division of responsibility between its Chairman and its Chief Executive. The responsibilities of the Chairman are to ensure the effective running of the board in setting the development and strategies for Oyster; effectively protecting the interests of its investors in terms of profitability and stability of the company. The key responsibilities of Oyster's Chief Executive is to propose commercial strategies and objectives to the board, then lead the executive management team to implement board decisions into day-to-day company operations.