FREEHOLD, N.J. - May 8, 2012 (Investorideas.com Newswire) - Raptor Resources Holdings Inc. (OTCQB: RRHI), announces today the signing of a Memorandum of Understanding (MOU) with one of the world’s oilfield service giants. The MOU lays the groundwork for a long-term purchase agreement between both companies. Once in full production, the company estimates it will ship 220,000 tons/year against the 2M tons listed in the MOU. The MOU provides exclusive rights to the customer for all API (American Petroleum Institute) barite applications.