Sky Petroleum, Inc., a development stage company, engages in the exploration and development of oil and gas properties in the United Arab Emirates. The company, through its indirect wholly owned subsidiary Sastaro Limited, has an agreement with Buttes Gas and Oil Co. International, Inc., under which it has the right to participate in two wells in an off-shore oil and gas project in the United Arab Emirates. The project is located in the Ilam/Mishriff reservoir of the Mubarek Field area near Abu Musa Island in the Persian Gulf. Sky Petroleum was founded in 2002. It was formerly known as The Flower Valet and changed its name to Seaside Explorations, Inc. in 2004. Later, the company changed its name to Sky Petroleum, Inc. in 2005. Sky Petroleum is based in Austin, Texas.