states agreement, page-35

For those without access the latest broker research here are a few comments on the state agreement:

- watershed agreement
- Buru and Mitsubishi can continue to invest knowing any success has a firm commercialisation path
- DSD will assume lead agency role which is a material postive for Buru as State Premier is typically minister in charge of DSD therefore to provide high-lvele support for Cannining development
- Govt targeting 1500PJ over 25 years which is consistent with Stage 1 gas. Stage 22 increment to 400Tj/d (gross)
- Agreement has strategic ramifications virtualying locking out other parties from most prospective regions in Cannining (i.e. other parties won't see relinqishments)
- Agreement stands under a CHANGE OF CONTROL!!!!!