IVZ 4.55% 6.9¢ invictus energy ltd

Ann: Gas Sales Agreement to Deliver Power to Eureka Gold Mine, page-114

  1. 4,027 Posts.
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    Surprised nobody picked up on this one

    From the MOU in December

    Mbuyu Energy will be provided with an initial twelve-month exclusivity period and
    preferred partner status for the Power Project from the completion of the Mukuyu-2
    well drilling activity

    But then there is this also this clause

    Invictus may enter into memorandums of understanding or other definitive offtake
    agreements with industrial customers or other potential purchasers of gas expected to
    be produced from the Cabora Bassa project for use in industrial processes other than
    power generation

    So wonder what really is going Mbuyu may have indicated they are not going to be part of the pilot ?
 
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