Oct 20 (Reuters) - Oil Basins Ltd OBL.AX
* Rey Resources have today announced that a buy-out notice in respect of obl's 50% of ep487 has been delivered to obl on 19th october
* OBL disputes validity of buy-out notice along with process leading to formulation of buy-out notice
* Oil Basins Ltd says will strongly defend its rights on this matter Source text for Eikon: Further company coverage: OBL.AX