26th Mar 2014 12:13
LONDON (Alliance News) - Mediterranean Oil & Gas PLC Wednesday said a judgement is expected on Thursday concerning a legal dispute by Leni Gas & Oil PLC and its subsidiary Malta Oil Pty Ltd and Phoenicia Energy Co Ltd.
The dispute dates back to July 31, 2012, when Leni Gas & Oil sold 10% of its interest in a Malta prospect license to Mediterranean Gas & Oil. Leni argues that Mediterranean misled it regarding the potential sale in July 2012.
Mediterranean Oil & Gas shares were trading 1.54% higher at 4.95 pence per share Wednesday. Leni Gas & Oil last traded at 0.835 pence per share.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
LGO.L