The map below shows the location of all of the royalty interests, including those under the Canning Basin Royalty Deed dated 26 August 2006, shown in light blue.
Map of Buru tenements and FZR tenements
The Canning Basin Royalty has the potential to become an important income producing asset of Fitzroy.
| EP or PL # | Date Issued | Expiry | Area (km2) | Registered Holder |
|---|---|---|---|---|
| EP 391 | 1 Feb. 2015 | 31 Jan. 2024[1] | 2,274.7736 (26 blocks) |
Buru Energy Limited |
| EP 371 | 31 July 2014 | 30 July 2023 | 3,663.2577 (45 blocks) |
Diamond Resources (Canning) Pty Ltd (50%)/ Diamond Resources (Fitzroy) Pty Ltd (50%) |
| EP 428 | 31 July 2014 | 30 July 2023 | 6,431.9741 (79 blocks) | Buru Energy Limited |
| EP 431 | 31 July 2014 | 30 July 2023 | 4,211.4604 (52 blocks) | Buru Energy Limited |
| EP 436 | 31 July 2014 | 30 July 2023 | 2,404.1372 (30 blocks) | Buru Energy Limited |
| L20 | 2 July 2015 | – | 162.7085 (2 blocks) | Buru Energy Limited (50%) Roc Oil (Canning) Pty Limited (50%) |
| L21 | 2 July 2015 | – | 162.6399 (2 blocks) | Buru Energy Limited(50%) Roc Oil (Canning) Pty Limited (50%) |
| R 1 | 11 Oct 2016 | 10 Oct 2021 | 245.1571 (3 blocks) | Gulliver Productions Pty Ltd (85.40%) and Indigo Oil Pty Ltd (14.60%) |
| L 15 | 1 April 2010 | 31 March 2031 | 163.46 (2 blocks) |
Gulliver Productions Pty Ltd (85.40%) and Indigo Oil Pty Ltd (14.60%) |
Ungani Field production – EP 391 (R2) (2% Royalty on 100% participation interest)
Fitzroy advised the market in its December 2017 Quarterly Activities Report that, as announced to the ASX on 16 October, Fitzroy received its first royalty payment from Buru Energy Limited (ASX: BRU) following Buru’s recommencement of drilling on the Ungani Oilfield in the Canning Basin in the middle of 2017. Pursuant to its royalty agreement with Buru, Fitzroy receives a 2% net royalty.
Retention Lease R1 (2% Royalty on 8% participation interest)
Fitzroy continues to monitor activities by the R1 joint venture participants. Fitzroy’s 8% participating interest in R1 was sold together with various other Canning Basin Assets in 2006. R1 is over 3 blocks and renewal number 1 was granted on 8 November 2010. Fitzroy’s 8% royalty rights have been held as against Buru, one of the joint venture participants.
Production Licence L15 (2% Royalty on 12% participation interest)
Fitzroy continues to monitor activities by the L15 joint venture participants. L15 (over 2 blocks) was granted on 1 April 2010 and expires on 31 March 2031. Fitzroy’s 12% royalty rights have been held as against Buru, one of the joint venture participants.
The Laurel Formation accumulations
Buru has identified 2 basin centred gas plays:
- The Yulleroo Wet Gas Accumulation shown on this map in areas
- EP 436
- EP 391
- EP 428
and
- The Valhalla Accumulation which is contained in EP 371.