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Buccaneer asset sale to go ahead

BUCCANEER Energy's debtors will be able to sell off their oil and gas assets to a third party and pursue a liquidation plan following the approval of a settlement motion by the Southern District of Texas Bankruptcy Court.

Andrew Snelling
Buccaneer asset sale to go ahead

The company and its indebted subsidiaries, the company's lenders and the official committee of unsecured creditors filed the settlement motion last month in the form of a "joint emergency motion to compromise...

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