The slump in financial markets and the oil price fall after the September 11th attacks has forced Bula Resources to renegotiate the terms of its proposed acquisition of an oil-producing asset in the US. In a statement yesterday, Bula said the original proposal had been based on an oil price of $22 a barrel but some banks are now using an oil price of $18 when assessing projects. Bula's basket of 10 shares was down one cent on €0.16.