works involve relocating dikes, river channel lengthening, re-establishing meanders, creating pool/riffle sequences, adding natural habitat features, reconnecting floodplains, and restoring riparian vegetation.
As a result, the company believes that disposing of these assets, whilst retaining an interest in their future development through the ORRI
, is in the best interest of shareholders.
Note 2: European Gas Limited (ASX:EPG) (PINK:EUPGF) owns a 3% ORRI
payable by Backreef Area JVP's and Budside Pty Ltd owns a 1% ORRI
over EP129, but excluding L6 & L8 - these royalties are payable by Backreef Area JVP's.