Went back to the farmout agreement announcement and it gave me great comfort:
2.3. Contingent Carry Obligations
a) Origin to pay the first $4 million towards a 3D seismic survey over the Rafael Prospect wit
hin EP428 should the survey be agreed to be acquired after the drilling of the Rafael 1 well.
b) Origin has the option, to be exercised by an agreed date, to retain its 50% interest in EP129 by agreeing to drill a well with a carry of $6 million towards the costs of drilling that well. Alternatively, Origin may reduce its interest in EP129 to 20% after the option exercise date (by assigning 30% to Buru for $1) and with no remaining carry obligation towards any well. Origin may also decide to withdraw from EP129 at any time prior to or upon the option exercise date and re-assign its 50% interest to Buru for $1.
c) Origin has the option, to be exercised by an agreed date, to retain its 50% interest in EP431 by agreeing to drill a well with a carry of $4 million towards the costs of drilling that well. Alternatively, Origin may reduce its interest in EP431 to 20% after the option exercise date (by assigning 30% to Buru for $1) and with no remaining carry obligation towards any well. Origin may also decide to withdraw from EP431 at any time prior to or upon the option exercise date and re-assign its 50% interest to Buru for $1.
Tick tock ORG... would love for you to have to give us back 30% or 50% of Rafa for $1!
- Forums
- ASX - By Stock
- BRU
- Ann: Operations Update
Ann: Operations Update, page-161
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
|
|||||
Last
7.9¢ |
Change
-0.003(3.66%) |
Mkt cap ! $53.03M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 7.9¢ | $1.195K | 14.52K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99749 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 49000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99749 | 0.079 |
4 | 43914 | 0.078 |
1 | 6700 | 0.076 |
4 | 81333 | 0.075 |
1 | 4000 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 49000 | 1 |
0.085 | 50000 | 1 |
0.087 | 127000 | 1 |
0.089 | 6236 | 1 |
0.090 | 465966 | 1 |
Last trade - 15.59pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
BRU (ASX) Chart |