Net Trading Group NTG AB (publ) informs about Rock Energy Group Limited: Rock Energy Group Limited Enters into LOI with Orkufelagið - an energy company in the Faroe Islands
LONDON, UNITED KINGDOM, [19] MARCH 2021 – ROCK ENERGY HAS SIGNED A LETTER OF INTENT (‘LOI’) WITH ORKUFELAGIÐ - A FAROE ISLANDS BASED ENERGY COMPANY - TO MAKE A BID TO OFFER ENERGY TO THE GROWING FAROESE MARKETThe parties will carry out a conceptual feasibility study to meet the Faroe Islands' energy needs towards an optimized use of Rock Energy's energy wells for efficient use on a year-round basis. Rock Energy intends to take the project through a detailed assessment phase (FEED) with a subsequent implementation phase. The goal is, subject to government approval, to use Rock Energy's