Oyster Oil and Gas Ltd. is an international energy group focused on oil and gas exploration and production activities in underexplored hydrocarbon basins. The Company holds four blocks in the Republic of Djibouti. The block covers approximately 3.5 million acres. The Block 1 is located primarily onshore and extends into the shallow water of the Gulf of Aden in the southeastern part of the country. The Block 2 is located onshore in the north of the country and measures approximately 3,200 kilometers square (790,737 acres) in area. The Block 3 lies offshore northern Djibouti in the Red Sea and measures some 2,300 kilometers square (568,342 acres) in area. The Block 4 is located onshore in the south west of the country and measures 5,200 kilometers square (1,284,947 acres) in area.