Maha Energy AB Publishes the Annual Report for 2022 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Maha Energy AB is pleased to announce the publication of the Annual Report for 2022. The report is available hereto and on the Company’s website at www.mahaenergy.ca. For more information,. | June 19, 2023
Maha Energy AB (Publ) (“Maha”), through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC (“Mafraq Energy”) have entered into a.
Maha Energy and Mafraq Energy have entered into a Joint Operating Agreement ( JOA ) for Block 70 in Oman. Maha has assigned a 35% work interest to Mafraq Energy, while retaining a 65% interest.
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.