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Buru's Canning Basin deal with Natural Hydrogen Potential

Updated: Nov 23, 2023

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.

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