The Vancouver-based junior has until the end of February 2020 to complete phase three of exploration on its four blocks, with activity set to focus on Block 1 in the south of the East African nation.
Oyster is targeting a Mesozoic basin in the southwest of the country.
A year ago, the company started gathering 3350 line kilometres of high-density airborne gravity and magnetic data over its southern Djibouti acreage.
