Court Action Over Sale of Interest in Maltese Field
Leni Gas & Oil is taking legal action over the sale last year of an interest off Malta.
The London-based exploration company says in a statement that it has started proceedings against Mediterranean Oil & Gas (MOG) regarding Leni's sale of its 10% interest in Malta Area 4 PSC to MOG last July. Documents have been lodged with the High Court of England and Wales.
Britain's Daily Telegraph says Leni believes it was misled into making the sale at a depressed price. The amount was $1 plus $19,050 (€14,632) in past liabilities.
Leni is understood to be seeking damages.