Ann: WA Government lifts Fraccing Moratorium on Buru's EPs, page-21

I have always suspected the cash component of the ROC deal was for the purposes of having leverage in the Gas farm-in negotiations. If we didn’t have any cash, we couldn’t contribute any share of capex without a cash raising. So we would have to give away more of it in return for 100% free carry. Or just have sold 100% and paid out a special div. The kind of deal I’m hoping we can now pull off could be quite similar in structure to the oil deal ie we get a (much more) substantial cash injection up front + significant free carry eg 80%. As mentioned, I trust Eric has already lined up the players, can now ask them to formalise their offers and will be in a position to confirm the winning bid very quickly.