| 1. |
Compelling strategic rationale, bringing together two highly complementary asset portfolios which provide a strong platform for future growth |
| 2. |
Creation of a leading Australian mid-tier oil and gas producing company with an expected market capitalisation of greater than $2 billion and a diversified reserves base of more than 70mmboe |
| 3. |
A material premium to the ARC Share price before the announcement of the Transaction |
| 4. |
You will receive a mix of cash, New AWE Shares and Buru Energy Shares with flexibility to increase your cash |
| 5. |
Buru Energy gives ARC Shareholders direct exposure to a high potential new company with a unique exploration portfolio |
| 6. |
The Independent Expert has concluded that the Transaction is fair and reasonable and therefore in the best interests of ARC Shareholders |
| 7. |
The ARC Directors unanimously recommend the Transaction in the absence of a Superior Proposal and intend to vote all of their ARC Shares in favour of the Transaction |
