Business
Memorandum of Understanding with Afriquia Gaz S.A.
Memorandum of Understanding with Afriquia Gaz S.A..
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n30 November 2023\n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n LEI 213800L7QXFURBFLDS54\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries the \"Group\")\n \nMemorandum of Understanding in relation to Gas Sales\n and Collaboration Agreements with Afriquia Gaz S.A.\n \n Highlights\n \n· Memorandum of Understanding signed with Afriquia Gaz S.A.\n \n· 12-month exclusivity period to negotiate legally binding Gas Sales Agreement\n \n· CNG to be purchased at the point of delivery of the gas to the CNG trailers\n \n· Downstream transport and sale of gas to end user will be for Afriquia Gaz S.A.\n \n· MOU facilitates increasing gas sales to up to 50 million cf/d\n \n \nPredator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce the signing of a Memorandum of Understanding in relation to Gas Sales and Collaboration Agreements (the \"MOU\") with Afriquia Gaz S.A. (\"Afriquia\" and together the \"Parties\").\n \nDuration of the MOU is for one year commencing 27 November 2023.\n \nDuring the term of the MOU the Parties shall discuss in good faith and endeavour to agree the terms and conditions of a legally binding gas sales agreement (\"GSA\") between the Parties whereby...