July 1 (Reuters) - Peak Oil & Gas Ltd PKO.AX :
* Sale of south block a interest PKO.AX
* Pursuant to deed, poga has assigned to bow the benefit of $4.2 million intercompany debt owed by Peak Oil & Gas to poga
* Peak and poga can only postpone their requirement to repay amount owed to octanex, which, with interest, is approximately $2 million
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