Business
Settlement of Dispute
Settlement of Dispute.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n Regal Petroleum PLC\n19 May 2006\n\n\nFor Immediate Release 19 May 2006\n\n\n--------------------------------------------------------------------------------\n\n\n PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE - PRESS RELEASE\n\n\n\n REGAL PETROLEUM PLC\n\n ('the Company')\n\n\n Settlement of Contractual Dispute\n\n\nThe Company is pleased to advise that the on-going dispute between the Company\nand Peak Resources Limited of Hong Kong in respect of the validity of an option\nrelating to the Company's assets in Ukraine has been settled with the effect\nthat the disputed option is now terminated.\n\n\nFor the avoidance of doubt, this settlement is not in any way related to the\non-going litigation in Ukraine regarding the validity of the Company's Ukrainian\nproduction licences and the position in this regard remains as announced by the\nCompany on 9 May 2006.\n\n\n\nFor further information, please contact:\n\nRegal Petroleum plc Tel: 020 7408 9500\nPaul Morgan - Chairman & CEO\n\nBuchanan Communications Tel: 020 7466 5000\nBobby Morse\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1552,"tagName":"div"}]