BRU 5.49% 8.6¢ buru energy limited

Origin exiting Beetaloo, page-7

  1. 233 Posts.
    lightbulb Created with Sketch. 55
    2.3. Contingent Carry Obligations

    a) Origin to pay the first $4 million towards a 3D seismic survey over the Rafael Prospect within EP428 should the survey be agreed to be acquired after the drilling of the Rafael 1 well.

    b) Origin has the option, to be exercised by an agreed date, to retain its 50% interest in EP129 by agreeing to drill a well with a carry of $6 million towards the costs of drilling that well. Alternatively, Origin may reduce its interest in EP129 to 20% after the option exercise date (by assigning 30% to Buru for $1) and with no remaining carry obligation towards any well. Origin may also decide to withdraw from EP129 at any time prior to or upon the option exercise date and re-assign its 50% interest to Buru for $1.

    c) Origin has the option, to be exercised by an agreed date, to retain its 50% interest in EP431 by agreeing to drill a well with a carry of $4 million towards the costs of drilling that well. Alternatively, Origin may reduce its interest in EP431 to 20% after the option exercise date (by assigning 30% to Buru for $1) and with no remaining carry obligation towards any well. Origin may also decide to withdraw from EP431 at any time prior to or upon the option exercise date and re-assign its 50% interest to Buru for $1.
 
watchlist Created with Sketch. Add BRU (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
-0.005(5.49%)
Mkt cap ! $57.73M
Open High Low Value Volume
8.9¢ 8.9¢ 8.6¢ $16.81K 191.2K

Buyers (Bids)

No. Vol. Price($)
1 254 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 225741 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
8.7¢
  Change
-0.005 ( 3.01 %)
Open High Low Volume
8.7¢ 8.7¢ 8.6¢ 16424
Last updated 15.32pm 14/06/2024 ?
BRU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.