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.

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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

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