Ann: Derby Block Update & Backreef Oil, page-5

This is a clear statement to Buru to announce what is going on?
BRU have walked and make it official.
I believe the BRU agreement with BOPL expired at the end of November.
If I was a BRU share holder I would want to know what was going on.
PS How much of BRU prospective resource are BRU accounting for and mapping in for the Derby block?
I think OBL are saying stop misleading your shareholders with false mapping and numbers.


The Company wishes to make the following comments:
 BOPL does not presently hold a 50% beneficial interest in the Derby Block.
 OBL has outlined its legal position in the recent OBL AGM presentation dated 25 November 2014 and is waiting for the WA State Administrative Tribunal (SAT) to deliberate on whether BOPL wrongfully exists on title – quite apart from whether any percentage interest is held beneficially by BOPL.
 SAT is expected to hand down its decision on or before 27 January 2015.
 The proposed REY transaction presently has no currency as it is highly conditional, and it is not clear whether it is made by BOPL with the approval of Buru Energy Limited (ASX code BRU).
 If the BOPL deal with REY is with BRU’s approval or direction, and the BOPL deal with BRU is to expire or be varied, then OBL seeks BRU to change as soon as possible all ASX releases, presentations, maps, website and prospective potential resources relating to its claimed 50% interest in EP487 (Derby Block).