Oyster Oil and Gas Ltd. Announces Results from Shareholder Meeting

VANCOUVER, BC / ACCESSWIRE / November 23, 2015 / Oyster Oil and Gas Ltd. (TSX-V:OY) announces that at the annual general shareholder meeting held on November 17, 2015, Michael Wood, the Company’s President and CEO, Bruce McNaught, the Company’s CFO, Donald A. Sharpe and Gregory G. Turnbull, were re-elected as directors of the Company for the ensuing year. Martin Bajic and Daniel MacNeil did not stand for re-election at the meeting and, as such, have ceased to serve as directors of the Company effective November 17, 2015. The Board of Directors extends thanks to Mr. Bajic and Mr. MacNeil for their contributions to the Company during the time they served as directors.

At the meeting, shareholders also re-appointed Dale Matheson Carr-Hilton LaBonte LLP as auditor of the Company for the ensuing year and gave annual approval to the Company’s 10% rolling stock option incentive plan, as required annually by the policies of the TSX Venture Exchange.

About Oyster Oil and Gas Ltd.

Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.

For further information please contact:

Emily Davis, Corporate Secretary
Tel: (604) 628-5616
Fax: (604) 662-7950

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.

SOURCE: Oyster Oil and Gas Ltd.

ReleaseID: 433942