Ramba revealed Monday it had signed a memorandum of understanding with an undisclosed “strategic investor” over the proposed farm-out deal which could be worth more than US$128.2 million and would include an upfront cash payment of nearly US$18.8 million.
Ramba said it could not disclose the identity of the potential farm-in partner due to confidentiality conditions imposed in the MoU, adding it would make a separate statement revealing their identity if and when definitive agreements are signed.
The
