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Step 1
Cut the butter into 1-inch cubes and allow it to soften to room temperature.
Step 2
Mince the garlic, anchovy, and lemon zest (or mash in a mortar and pestle), and then fold in the butter, lemon juice, garlic chili sauce, red pepper flakes, cayenne, and salt.
Step 3
Roll the butter into a log, wrap with plastic and refrigerate until needed.
Step 4
Open the oysters as you would for oysters on the half shell, discarding the top shells.
Step 5
Place 1-tablespoon slice of the chilled compound butter on each oyster and place on a hot grill until oysters begin to bubble and the oyster curls up around the edges, 6 to 10 minutes.
Step 6
Melt a few tablespoons of butter to put on the oysters after they are grilled in case some of the butter spills out of the shells.
Step 7
Serve immediately, with wedges of fresh lemon, if desired.