BRU 3.90% 8.0¢ buru energy limited

Mitsubishi Development Funding Agreement, page-95

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    Got a reply on my email already.

    Unfortunately I can’t give you much more than what was set out in the quarterly.
    We are working to get out of Broome but it is taking some time to get agreement.
    In relation to the development funding there has been some misinterpretation of the structure.
    The first tranche of funding has been extended to May, the second tranche of funding is available after we achieve 3,000 bopd.  That does not have to be done by May.
    We will provide an update as soon as we can get certainty on the various things we are working on.
    Regards
    Eric
 
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