Farm in agreement29 Sep 2024 14:41
Global believes a Farm-In, if successfully concluded, could be transformational for the business, with a strategic partner potentially enabling the exploitation of the estimated 2,747 million barrels of oil ("barrels") on the licence (Unrisked Net Best Estimate (P50) Prospective Resources - as previously announced on 27 March 2023).
Global is hopeful in reaching a mutually beneficial agreement with the Partner in due course following further due diligence and negotiations.