23rd Sep 2013 07:00
For Immediate Release
23 September 2013
LENI GAS AND OIL PLC
("LGO" or the "Company")
Legal Claim against Mediterranean Oil and Gas
LGO today confirms that, further to its statements of September 2012, and in January and May 2013, Company is still vigorously pursuing its action against Mediterranean Oil and Gas Plc in the High Court of England and Wales in regard to the Company's 31 July 2012 sale of its 10% interest in Malta Area 4 PSC.
Following disclosure, Mishcon de Reya, acting for the Company, has advised that LGO has a good prospect of winning its multi-million pound claim for fraudulent misrepresentation.
A trial date in March 2014 has been set by the Court.
David Lenigas, LGO Chairman, commented:
"LGO has steadfastly maintained that it was misled by MOG in July 2012. While we remain open to settlement discussions, we are resolved to vigorously pursue our multi-million pound claim to trial if necessary."
Enquiries:
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645 |
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Beaumont Cornish Limited
Nomad and Joint Broker Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Old Park Lane Capital Plc
Joint Broker Michael Parnes | +44(0) 20 7493 8188 |
Pelham Bell Pottinger
Financial PR Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
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Related Shares:
CERP.L