ASX listed Buru Energy, has secured exploration permits in the Canning Basin, to pursue opportunities for carbon capture, hydrogen, and future production. The company has acquired Origin's 40-50% participating interest in several exploration permits. Origin will contribute up to A$4mm for a 3D seismic survey of the Rafael discovery, and Buru will provide Origin with future contingent reimbursement payments of up to A$34mm, conditional on the achievement of key Rafael discovery related development and production milestones.
Buru's Canning Basin deal with Natural Hydrogen Potential
Updated: Nov 23, 2023