Partial Disposal30 May 2021 09:37
Eastern Morocco Partial Disposal
The Company announced in July 2020 that it was no longer in discussions with the previously proposed purchaser
in relation to the potential partial disposal of the Eastern Morocco portfolio. However, having announced its phased development strategy for the Tendrara Production Concession, the Company continues to engage with other parties who have expressed interest in participating in the Company’s strategy by way of a potential farm-in. Whilst
a partial disposal of its Eastern Morocco portfolio is not a strategic priority for the Company, normal business development discussions are ongoing in this regard. There
is no certainty that any of these discussions will progress and the Company’s current key priority is to deliver a final investment decision on its proposed Phase 1 development of the Tendrara Production Concession during 2021.
Maybe a last resort cash raise via this ? Gla