Buru Energy (ASX:BRU) has reached a farmout agreement with Energy Resources Limited, a subsidiary of Mineral Resources (ASX:MIN) to restructure their interests in L-20-1 in the Carnarvon Basin.
As consideration, EnRes will carry Buru through the first two exploration wells expected to be drilled in 2023, and other agreed exploration and overhead costs.
EnRes has also agreed to match the funding contribution under the recently announced Commonwealth Grant offered to Buru for a three year Buru operated CCS feasibility study in the onshore Carnarvon Basin
For more information on Buru's CCS interests check out www.geovault.com.au.
*Geovault is a subsidiary of Buru Energy
#CCS #CarbonCaptureandstorage #CCSStocks
5 авг 2024
