Fastnet Oil and Gas said it had received approval from the Moroccan government to proceed with a farm down agreement on the Foum Assaka licence area.
The agreement involves Pathfinder Hydrocarbon Ventures, which Fastnet bought in July, and new partner Kosmos Energy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Top 10% of earners pay more than half of all tax – here’s a dozen ways to pay lessFrozen tax thresholds are dragging millions more people into higher and additional rate tax brackets. Will you pay more?
-
Do I pay tax on Crypto? New HMRC rules to clampdown on tax evading ‘crypto bros’New rules are set to help the taxman unmask those attempting to avoid tax on their cryptocurrency profits.
