In addition, it will greatly facilitate Buru’s ongoing commercialisation discussions with third parties and creates new partnership opportunities with aligned potential partners who share Buru’s vision for the Basin and the potential of the Rafael discovery. The transaction creates optionality for Buru to extract maximum value from the Canning Basin through potential new deal structures and activities including the Carbon Capture and Storage potential of the Basin through the Company’s GeoVault subsidiary.
My preference would be a consortium of MIN, taking care of the domestic market/CCUS with TransBorders Energy taking care of the Jap export market/FLNG.
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- Ann: Buru to acquire Origin Canning Basin JV interests
Ann: Buru to acquire Origin Canning Basin JV interests, page-16
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