oxx deal , page-3

The latest ann from the company regarding the final % holdings IMO is from the ann dated 6th Feb 2013.

? Oil Basins Limited has advised Octanex N.L. (ASX code OXX) that, with the National Native Title Tribunal determination on 1 February 2013, OBL has successfully completed the first requirement of the farmin for a 25% interest in the Derby Block (after grant) to OXX as previously announced on 24 January 2013.
? On 25 March 2010, OBL and Backreef Oil Pty Ltd (“Backreef”) entered into a binding Memorandum of Understanding. On 12 July 2011, OBL and Backreef entered into a second binding Memorandum of Understanding. These are herein collectively called “the MOUs”.
? The MOUs collectively permit OBL to “divide/assign/farmout the highly conditional 5/07-8 EP” rights covering CSG and USG. Further, OBL is designated operator in respect of CSG and USG for at least 18 months after permit award, and is entitled to continue to “divide/assign/farmout” – including to industry majors and supermajors.
? By an announcement made by Buru Energy Limited (“Buru”) to the ASX on 27 September 2012, Buru announced that Backreef had agreed to sell, transfer and assign the whole of its right title and interest in and to the future title of 5/07-8 EP to Buru for an amount of $3.5 million – including by implication CSG and USG rights.
? OBL has not consented to Backreef selling, transferring or assigning any interest.
? The Company also advises that on 21 December 2012 it formally advised its joint
applicant Backreef that, in OBL’s opinion, Backreef was in breach of its commercial
undertakings with OBL in its proposed sale of its interest and all other rights in the
Derby Block to a third party for $3.5 million and consequently the Company intends
to fully pursue its rights.
? To date OBL has spent over $250,000 evaluating the technical prospectivity of the
Derby Block and has spent (including management time) some $300,000 on the
native title future act legals and advice to achieve the recent landmark determination.
? On 5 February 2013, as required under the MOUs, OBL has now formally offered
Backreef joint participation in the OXX transaction on identical dollars per percentage
point as the Buru transaction but on conditional terms that are regarded as highly
beneficial and agreement of which should not be unreasonably withheld. The OXX
farmin would allow OBL and Backreef to presently keep a substantial portion of the
Derby Block and OBL to be operator of the proposed work program.
? Should this offer be accepted, it is expected both OBL and Backreef will each own
37.5% of the Derby Block and OXX will own 25% after grant.

Maybe there's an update that I missed but I don't think so.

Cheers