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HC Diary submitted a new article: Buru wins royalty dispute -...

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15/04/15

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Post #: 15090067
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HC Diary submitted a new article:

Buru wins royalty dispute - HCDiary

Wednesday April 15, 2015: Buru Energy (BRU) has won its legal dispute with Fitzroy River Corporation (FZR) over royalties payable on oil production at Buru's Ungani field in WA.

The decision in the WA Supreme Court means Fitzroy will continue to receive the 2 per cent royalty based on the value of the petroleum at the well head, not the increased value Fitzroy was seeking.

Fitzroy was also ordered to pay the costs incurred in the action by Buru and its joint venture partner Mitsubishi....

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