Leni Gas & Oil has agreed payment of the remaining costs arising from its High Court action against Mediterranean Oil and Gas plc (MOG) over the sale of the Company's 10% interest in Malta Area 4.

MOG had reported its costs at over £1.5 million. Final settlement has been reached for £1.2 million, plus £16,437.50 of accrued interest. LGO has already paid £600,000 on account and has now agreed to pay the balance of £616,437.50 by 7 August 2014.

Tags: Leni Gas & Oil Plc