BRIEF-Buccaneer Energy says will need access to additional working capital in short term

Feb 17 (Reuters) - Buccaneer Energy Ltd BCC.AX :

* West Eagle ceases operations

* Says considering the impact of the unsuccessful drilling of west Eagle #1 on its recapitalisation plan

* Decision has been made to not drill any deeper at this location and plug and abandon west Eagle #1 well

* Says discussions with major shareholders and third parties regarding financing are in progress

* Says will need to have access to additional working capital in the short term

* Source text for Eikon News Search ID:nASX3lR45B

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