Independent Resources has signed a strategic joint venture agreement with Nostra Terra Oil & Gas plc, an AIM company with a portfolio of producing interests in the USA and a similar strategic intention to that of IRG to invest in producing or near-production assets in North Africa.

Under the terms of the Agreement, the parties will co-operate in areas of project identification and due diligence, financing, geological exploitation, technical support, operations and procurement with a geographical focus on North Africa with immediate attention focused on Egypt and Tunisia.

We are specifically targeting existing producing assets with an immediate focus on cash flow, where we can leverage the equity investments and grow our portfolio.

Tags: Independent Resources plc