Ann: Rafael gas and condensate commercialisation update, page-90

Transborders Energy (Transborders) is pleased to announce that it has entered into an agreement with Buru Energy (Buru - ASX: BRU) to conduct a pre-feasibility study for a Kimberley based compact marinised LNG plant solution (solution) to commercialise Buru’s large-scale Rafael conventional gas and condensate discovery in the Canning Basin.

This solution potentially provides a faster, more capital efficient, and less complex regulatory and commercial alternative LNG production pathway for Rafael gas than a concept involving transporting Rafael gas to the North West Shelf (NWS) for liquefaction and export.

Since 2016, Transborders has been developing a solution aimed at fast tracking monetisation of gas resources that also allows LNG buyers to both offtake LNG and invest in the LNG facility.

The solution being evaluated for potential Rafael gas commercialisation has obtained “Major Project” designation from the Australian Government and has been developed in a multi-project collaboration arrangement with Kyushu Electric Power, Mitsui OSK Lines, Technip Energies, SBM Offshore and Add Energy.


It is at this stage a pre-feasibility study, where maritime and engineering experts are involved.
These guys, might come to the conclusion that it can, or cannot be done.
That is the purpose of an evaluation.

But having some people, without any experience in these fields, waffle first up that it cannot be done is rather mind boggling.

I can't see your 4 year experience at sea, on a yacht, you found necessary to share with us on this forum, has any relevance here.
You seem to have a different opinion, otherwise why bring it up?

But if you think your expertise can be of any value, by all means, as a shareholder, call the company and help them.