Buccaneer Energy Limited (ASX: BCC) advises that Mr Curtis Burton, Chief Executive Officer and Managing Director, has been suspended with pay allowing for a review to be conducted. Mr Burton has filed a lawsuit in the District Court of Harris County Texas claiming termination of his employment contract. The Company will defend the action.
Mr John T. Young, Jr, Chief Restructuring Officer, has assumed Mr. Burton's executive responsibilities.
A further announcement will be made in due course.
Ronn Bechler
Managing Director, Market Eye
E: ronn.bechler@marketeye.com.au
P: +61-400 009 774
For information on Buccaneer Energy, please visit the Company's website at www.buccaneerenergy.comor email investorrelations@buccaneerenergy.com .
www.buccaneerenergy.com
Level 9, 25 Bligh Street
SYDNEY NSW 2000, Australia
T: +61 2 9233 2520 F: +61 2 9233 2530
ABN: 63 125 670 733
11200 Westheimer, Suite 900
Houston, TEXAS 77042, USA
T: +1 713 468 1678 F: +1 713 468 3717
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