micki dunno if you've had a look at the buru website lately....

mick

i dunno if you've had a look at the buru website lately. check this out:

"Systematic pre-commercialisation planning has been undertaken to permit discoveries in the Canning Basin to be commercialised in a timely and cost-effective manner. The key initiatives undertaken to date include:

* Progressing the pre-FEED process for the 400km Great Northern Pipeline (GNP) between Broome and Port Hedland that will allow any gas discoveries to be delivered into the Dampier to Bunbury Natural Gas Pipeline and transported to the Perth and wider South Western Australian gas market;
* The design and development of a gas recycling system to allow rapid commercialisation of liquids rich gas discoveries;
* Executing a memorandum of understanding with Energy World Corporation to jointly assess the feasibility of small scale LNG production from gas discoveries in the Canning Basin; and
* Access to the Mobile Early Production System design, originally developed by ARC Energy for use in the Perth Basin, that would facilitate bringing new oil discoveries into production as soon as possible. "

apart from what it means for NSE's asset value, it also means that any gas discoveries they make on their 100% owned prospects also have pre-ordained infrastructure commitments

on top of that, there is Buru's alcoa agreement:

"The Alcoa GSA provides for Buru to deliver up to 500 PJ of gas to Alcoa from discoveries made prior to 2013 on Burus interests in the Canning Basin."

again, this would include NSE's EP417 as Buru own 35% stake here


commercialisation is virtually in the bag

bring on the 500BCF that's just a few hundred feet away at Lawfords!