Arafura updates gas supply agreement with Mereenie JV for 16.4PJ supply to Nolans REE play

The Market Herald07-29

Flush with over US$1B in debt funding for its flagship, Arafura Rare Earths (ASX:ARU) has announced an update to its gas supply agreement with a second party. That second party, the Mereenie JV, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455727575?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-29 07:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455727575","market":"us","top_or_hot":-1,"title":"Arafura updates gas supply agreement with Mereenie JV for 16.4PJ supply to Nolans REE play","media":"The Market Herald","content":"<div>\n<p>Flush with over US$1B in debt funding for its flagship, Arafura Rare Earths (ASX:ARU) has announced an update to its gas supply agreement with a second party.\nThat second party, the Mereenie JV, ...</p>\n\n<a href=\"https://themarketonline.com.au/arafura-updates-gas-supply-agreement-with-mereenie-jv-for-16-4pj-supply-to-nolans-ree-play-2024-07-29/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arafura updates gas supply agreement with Mereenie JV for 16.4PJ supply to Nolans REE play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArafura updates gas supply agreement with Mereenie JV for 16.4PJ supply to Nolans REE play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 07:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/arafura-updates-gas-supply-agreement-with-mereenie-jv-for-16-4pj-supply-to-nolans-ree-play-2024-07-29/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flush with over US$1B in debt funding for its flagship, Arafura Rare Earths (ASX:ARU) has announced an update to its gas supply agreement with a second party.\nThat second party, the Mereenie JV, ...</p>\n\n<a href=\"https://themarketonline.com.au/arafura-updates-gas-supply-agreement-with-mereenie-jv-for-16-4pj-supply-to-nolans-ree-play-2024-07-29/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REE","symbol_name":"Ree Automotive Ltd","start_time":0,"source_url":"https://themarketonline.com.au/arafura-updates-gas-supply-agreement-with-mereenie-jv-for-16-4pj-supply-to-nolans-ree-play-2024-07-29/","article_id":"2455727575","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455727575","pubTimestamp":1722208620,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Flush with over US$1B in debt funding for its flagship, Arafura Rare Earths  has announced an update to its gas supply agreement with a second party.That second party, the Mereenie JV, consists of four Australian based energy smallcaps set to provide 16.44 petajoules of gas to Nolans over the life of the prospective project.The company is set to receive 5.49PJ in 2028 – when production is expected to commence at the project, backed by everyone from Gina Rinehart to Canberra in a bid to shore up a domestic REE supply and processing capacity.Despite a mountain of cash  the project remains to be seen coming into its full advertised capacity.“Mereenie is the largest producing onshore gas field in the Northern Territory. Central Petroleum is the Mereenie field operator and holds a 25% participating interest,” Arafura wrote on Monday.“Cue Energy Resources has a 7.5% participating interest; Horizon Oil Limited has a 25% participating interest; and New Zealand Oil & Gas has a 42.5% participati","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"REE":"Ree Automotive Ltd","BK7095":"多种金属与采矿","ARU.AU":"ARAFURA RARE EARTHS LTD","BK4124":"机动车零配件与设备"},"translate_title":"Arafura与Mereenie JV更新天然气供应协议，向Nolans REE play供应16.4 PJ","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARU.AU":1,"REE":1},"content_text":"Flush with over US$1B in debt funding for its flagship, Arafura Rare Earths (ASX:ARU) has announced an update to its gas supply agreement with a second party.\nThat second party, the Mereenie JV, consists of four Australian based energy smallcaps set to provide 16.44 petajoules of gas to Nolans over the life of the prospective project.\nThe company is set to receive 5.49PJ in 2028 – when production is expected to commence at the project, backed by everyone from Gina Rinehart to Canberra in a bid to shore up a domestic REE supply and processing capacity.\nDespite a mountain of cash (debt funding,) the project remains to be seen coming into its full advertised capacity.\n“Mereenie is the largest producing onshore gas field in the Northern Territory. Central Petroleum is the Mereenie field operator and holds a 25% participating interest,” Arafura wrote on Monday.\n“Cue Energy Resources has a 7.5% participating interest; Horizon Oil Limited has a 25% participating interest; and New Zealand Oil & Gas has a 42.5% participating interest.”\nARU last traded at 17cps.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455727575"}