Update on Beetaloo joint venture arrangements
published: 07 Apr 2020
Origin has worked with its exploration partner Falcon to optimise the structure of the joint venture and agree the best way to fund future activities in the highly prospective Beetaloo Basin. As a result of these discussions Origin will increase its interest in the Beetaloo Exploration Project joint venture by 7.5 per cent (to 77.5 per cent)in exchange for increasing its coverage of Falcon’s share of costs by $25 million over the coming years.
We believe the Beetaloo Basin has the potential to deliver long-term economic benefits to the NT and Australia and you can read more about the announcement here.