Gas woes delay Burrup $2.5 B IPO

Perth-Burrup Holdings Ltd. said June 13 it is awaiting further guidance from Apache Energy Ltd. on the recent incident at Varanus Island and the expected timing of the restoration of gas supplies to the Burrup nitrogen plant. As a result, the company will not accept applications made under the prospectus dated May 19, 2008. It also advised that the Institutional Bookbuild did not take place June 16-17, as originally expected under the prospectus. Burrup said once it receives more information from Apache, it will be in a position to provide an update on the timetable for the IPO and the issue of a supplementary prospectus.