heheheh yes - a little bit of a mystery...
but think .... based on the other clue.... what surrounds those?
in order for a land to be qualified as clue 2... what must surround it completely hehehe (then you will know what the O stands for... and should be able to decipher what the I stands for after that) as there are only so many O's hahahahahahahaha
that should get you closer hehehe