Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/adx-energy-to-receive-15-million-from-gulfsands-pe.shtmlADX Energy to receive $1.5 million from Gulfsands PetroleumADX Energy and Gulfsands Petroleum plc (GPX) have reached an agreement concerning the settlement of all claims and liabilities
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Edit page New page Hide edit links ADX Energy and Gulfsands Petroleum plc (GPX) have reached an agreement concerning the settlement of all claims and liabilities between them. GPX has agreed to pay ADX US$1.5 million and ADX has agreed to provide certain additional documentation by the end of February 2015. As a result of the settlement, the proceedings before the English High Court will be discontinued. |