RE: GBP Interview with CEO Omar Ahmad is available to watch on all our social media channels!18 Dec 2024 07:46
The rns dated 27th November says to be finalised by end of calendar year. Please stick with facts.
PEL94, Namibia
Global in recent months has been actively working with a commercial farm-out partner to secure a farm-out agreement for the PEL94 oil and gas exploration licence. As part of the process, Global has also been engaging with our current JV partners in the licence, Namcor and Aloe, to get their final approval over the farm-out agreement.
Discussions have been positive and progressing well on all fronts with a series of meetings to be held in London over the next two weeks with the commercial farm-out partner. The aim by Global and the commercial farm-out partner is to have the farm-out agreement finalised by the end of the calendar year and then moving onto the final formal approvals required to complete the process.