News: TSV Transerv Energy says Perth basin asset sale terminated, page-5

last year when TSV was bidding there was a rumour that they were being bank rolled by Warren Buffet
This article appeared in The Australian newspaper after Origin withdrew the assets from sale

• The Australian
• December 8, 2016
• PAUL GARVEY
  Resources reporter
  Perth
  
  American business magnate, investor and philanthropist Warren Buffett was blindsided by Origin Energy and adviser UBS over their decision to spin off Origin’s oil and gas assets, leaving Mr Buffett’s would-be local junior partner, Transerv, to criticise the pair’s action. Transerv used an announcement to the Australian Stock Exchange yesterday to blast Origin and UBS, noting they had not bothered to inform Transerv that they were planning to drop a long-running sale program in favour of the spin-off. But Transerv suggested it would remain in the hunt for other Australian oil and gas projects in the present distressed market, in an indication it and Mr Buffett’s Berkshire Hathaway Group would continue to work together to scour for potential acquisitions. The involvement of Berkshire Hathaway in Transerv’s bid for the Origin oil and gas interests in the Perth Basin was first revealed by The Australian’s DataRoom column yesterday. Transerv did not confirm the involvement of Berkshire Hathaway in its bid but it is understood the two remain open to exploring similar deals together.