Heritage is seeking a partner(s) to support in the initial exploration phase to determine hydrocarbon presence and then to further collaborate in the development and commercialization of the block. The proposed structure may involve a farmout of equity in the Licence with a view to creating a joint venture, the grant of an overriding royalty interest, a service agreement for the provision of technical advisory services and/or equipment, or other investment models. Applicants should indicate their preferred mode of participation and provide relevant supporting information.
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