Ratio Petroleum received rights from Morocco to explore the Dahla bloc
The Ratio Petroleum Partnership announced that on 24.9.2021 Ratio Gibraltar signed a research agreement with the Moroccan National Ministry of Mines and Hydrocarbons, giving it the exclusive right to study and research the Atlantique Dakhla Block, located in Morocco along the Atlantic coast and extending from the coastline to the waterfront. To water depths of about 3,000 meters (the “block”).
The total area of the block is over 129,000 square kilometers and during the study agreement Ratio Gibraltar will hold full rights in it (100%).
For details on the block, the research agreement, its terms, the work plan in the block and the possibility of entering into a search and production agreement in accordance with the study and research findings, see Appendix A to the attached report.