Oyster Oil and Gas Ltd.

April 23, 2013 09:00 ET

Oyster Oil and Gas Ltd. Appoints Donald Sharpe to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2013) - Oyster Oil and Gas Ltd. (TSX VENTURE:OY) is pleased to announce the appointment of Donald A. Sharpe to its Board of Directors.

Donald Sharpe is a professional geophysicist with numerous years of experience in the oil and gas business. Mr. Sharpe is the President of D. Sharpe Management Inc., a private consulting firm under the umbrella of which he has consulted to, managed and served as a director of a number of start-up oil and gas companies including Patriot Petroleum Corp., Gemini Energy Corp., Velvet Exploration Inc. and Netco Energy Inc. (now Netco Silver Inc.). From February 2008 to April 2011 and prior to its completion of a plan of arrangement with HRT Participações em Petróleo S.A., Mr. Sharpe served as a director of UNX Energy Corp. (formerly Universal Power Corp.), an issuer formerly listed on the TSX Venture Exchange. From December 2009 to May 2012, Mr. Sharpe served as President and a director of Coronado Corp. (now Vampt America, Inc.), an early stage start-up company incorporated in Nevada and quoted on the OTCBB. Additionally, Mr. Sharpe was from May 2004 to August 2012, the President, Chief Executive Officer and a director of Eden Energy Corp., a company quoted on the OTCBB, and he is the President and Chief Executive Officer and a director of Black Springs Capital Corp., a capital pool company pursuant to the policies of the TSX Venture Exchange. Mr. Sharpe is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. Mr. Sharpe received a Bachelor of Science in Geophysics from the University of British Columbia in 1981 and a Certificate in Business Management from the University of Calgary in 1989.

Oyster Oil and Gas Ltd. also announces that it has granted incentive stock options to certain of its directors and consultants entitling the purchase of an aggregate 1,100,000 common shares, 1,000,000 at a per share exercise price of $0.55 and 100,000 common shares at a per share exercise price of $0.68, all for a period of 5 years.

About Oyster Oil and Gas Ltd.

Oyster Oil and Gas Ltd ("Oyster") is a natural resource issuer that has exploration interests in East Africa and also has an option to acquire up to a 60% interest in the Kalum Property located near Terrace, British Columbia, Canada, from Eagle Plains Resources Ltd. (TSX VENTURE:EPL). Oyster holds four blocks onshore and offshore in the Republic of Djibouti and is the operator of the blocks covering some 3.5 million acres. Oyster is conducting an exploration program pursuant to a production sharing contract from the Government of Djibouti.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Oyster Oil and Gas Ltd.
    Martin Bajic
    Chief Financial Officer
    (604) 628-5621
    (604) 662-7950 (FAX)