Feb 12 (Reuters) - Rey Resources Ltd (REY) :
- Update on ep487 - legal action against obl (REY)
- Further Rey completely refutes claims by OBL that the company or rls are in
default under the terms of the joa
- Its wholly owned subsidiary, Rey lennard shelf pty ltd (rls), have commenced
legal proceedings against Oil Basins Limited
- Says legal proceedings will also seek a declaration that rls be appointed
operator of ep487