Trial over Malta Dispute to Deliver Judgment Thursday

Mediterranean Oil & Gas announced Wednesday that the Commercial Court in London has confirmed that judgment will be handed down in the legal case brought against it by fellow junior explorer Leni Gas & Oil on Thursday, March 27.

The two companies went to trial this month over a deal arranged in the summer of 2012 that saw Leni sell its 10-percent stake in the Area 4 PSC to MOG for a dollar. Weeks later MOG struck another deal with independent oil and gas firm Genel Energy that saw Genel pay $10 million to take a 75-percent interest in the PSC.

Leni has argued that had it known that the Genel transaction was about to take place it might have taken a different view as the value of its 10-percent interest in the PSC before selling it to MOG. MOG has always stated that it is confident that it faces no liability regarding the transactions.

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Procurement & Contracts Advisor (Subsea Equipment)
Expertise: Contracts Engineer|Purchasing|Subsea Engineering
Location: Houston, TX
Contracts Coordinator
Expertise: Contracts Administration
Location: Hanover, MD
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours