The first paragraph from the Buru operations update issued 19/6/09
"On 20 April 2009 Buru announced that it planned to present shareholders with an offer by Arenite Pty Ltd (“Arenite”) to acquire Buru’s shares and options by way of schemes of arrangement. In that announcement, Buru stated that if the Arenite proposal was not supported, it intended to diligently pursue, and keep under review going forward, its existing strategy. That strategy, as it currently stands, consists of exploring for oil and gas in the Canning Basin and other regions as appropriate opportunities arise.
On 16 June 2009 Buru announced that the Arenite proposal had been terminated and accordingly the Board considers it timely to provide shareholders and optionholders with an
update on the Company’s activities"
No mention specifically of SB, but you can read the full announcement on the BRU thread.
The first paragraph from the Buru operations update issued...
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