The previous lifting was completed on
As previously advised, this lifting was sold by the Buru/Roc Oil Ungani Joint Venture on a spot basis. Consistent with sales under previous offtake agreements, the price received FOB Wyndham will be the realised average dated Brent oil price for the loading month, less the buyer's fixed marine transport discount. Under these terms Buru's 50% revenue share from the lifting is currently estimated at
The JV plans to continue to sell Ungani crude on a spot basis while it continues to review the potential for entering into another longer term offtake agreement.
This ASX announcement has been authorised for release by the Executive Chairman.
Contact:
Eric Streitberg
Tel: +61 8 9215 1800
Email: info@buruenergy.com
(C) 2020 Electronic News Publishing, source