Farm in agreement4 Oct 2024 11:08
News on the farm in negotiations could be explosive. Been nearly 2 months now, Fingers crossed for next week.
“Following recent activity in the Walvis Basin, offshore Namibia, the Company has seen increased interest in the data room for PEL94 from various parties. As a result, Global has entered into early commercial discussions with a potential operating partner ("Partner") for a Farm-In agreement for its licence PEL94.
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).“