GLOBAL OIL SHALE SIGNS MEMORANDUM OF UNDERSTANDING WITH “ONHYM” IN MOROCCO

 

 

Global Oil Shale Group Limited (“GOS”), the specialised oil shale development and processing company, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the Office National Des Hydrocarbures Et Des Mines (ONHYM), National Bureau of Petroleum and Mines of Morocco, for an renewable six months works programme for evaluation of Timahdit and Tarfaya deposits and its oil shales as part of GOS strategy to develop a market scale oil shale project in Morocco.

 

Under this agreement GOS is committed to do geological and detailed analytical work on oil shale from Timahdit and Tarfaya oil shale deposit areas of Morocco with the view to determine the most appropriate deposits available and processing methods to be applied for planned GOS operations in Morocco.

 

The MOU is milestone in a long-term strategic cooperation between GOS and Kingdom of Morocco.

 

 

For more information contact:

 

Petri Karjalainen – Executive Chairman
Tel: + 44 7811 200 885 Email: pk@globaloilshale.com

 

Anton Eiguine – Investors Relations
Tel: + 44 1534 88 6644 Email: ase@globaloilshale.com