Ann: Buru to acquire Origin Canning Basin JV interests, page-49

If FLNG study proves to be a sweet deal for all involved, then we finally have a lucrative path to market.

The appraisal program will be fine tuned with best-in-class 3D that i think will reveal further TCF potential.
The payments are all hinged on development and production, so happy to pay the instalments if we're cruising towards production.
Production of sweet gas, condy, maybe some ethylene if memory serves.
50 TJ's a day will be an incredible milestone.
I have 10 years till retirement, and i think these shares will lead to a comfortable life .
Maybe even some dividends from Buru or the company that buys us.

The bold section below is yet another thing to look forward to in this "exciting 2023"
___________________________________________________________________

Commenting further, CEO Thomas Nador said:
“Since Origin’s decision in June last year to not support the proposed 2022 Canning Basin
field work program, and then its September announcement that it intends to exit upstream
exploration on strategic grounds, Buru has worked relentlessly to minimise the impact of this
decision on its Canning Basin assets, and to maintain momentum for the appraisal and
commercialisation of its flagship Rafael conventional gas and condensate development.
We are delighted to now be in the position to be back on ground this year to acquire the
critical 3D seismic data over Rafael in support of appraisal drilling next year. We will also be
finishing our assessment of the extensive seismic data acquired under the Origin farmin
program that has already provided valuable insights into regional prospectivity and new play
types in the Basin.
This agreement also provides Buru with strategic optionality to extract the highest value for
our shareholders from our dominant position in the Canning Basin including not only the
extensive hydrocarbon resources, but also the potential carbon capture and storage and
natural hydrogen resources being developed through our GeoVault and 2H Resources
subsidiaries.
The structure of the deal reflects Origin’s belief in the Rafael discovery, insofar as any future
capped reimbursements to Origin are directly linked to future high value development and
production milestones for Rafael gas.”