BRU 0.00% 6.6¢ buru energy limited

Correcting myself, we are subject to the current 15% as of...

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    Correcting myself, we are subject to the current 15% as of 15/8/23 Ann

    Buru welcomes WA Domestic Gas Policy

    Buru Energy Limited (Buru, Company) is pleased to advise that on 16 August 2023, the Western Australian Government announced an update to its Domestic Gas Policy (Policy) which allows the export of gas from the Canning Basin, containing Buru’s 100% owned and operated Rafael conventional gas and condensate discovery. The Policy requires Canning Basin gas project developers to make available 15% of export volumes for the domestic market. Buru’s phased development strategy for commercialising its Rafael discovery works in harmony with this Policy.

    The Canning Basin is not connected to an existing pipeline network. By confirming the project is able to export gas in the future provides Buru with strategic optionality to develop Rafael, and significantly enhances the attractiveness of the project to potential development partners. This is positive for the development of Rafael and the Canning Basin, positive for the region
    and positive for our shareholders

    https://www.buruenergy.com/site/pdf...430a/Buru-welcomes-WA-Domestic-Gas-Policy.pdf

    Remains to be seen if they would change it again
    Last edited by CEOChair: 19/09/24
 
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