LGO has today issued proceedings against Mediterranean Oil and Gas Plc (MOG) in the High Court of England and Wales in regard to the Company's 31 July 2012 sale of its 10% interest in Malta Area 4 PSC to MOG.

LGO's Chief Executive, Neil Ritson said: "We have repeatedly asked MOG to answer simple questions explaining the facts at the time the Company agreed to sell its interest and since we have not had what we regard as satisfactory answers, LGO's board has found itself with no option but to seek relief through the Courts."

David Lenigas, the Company's Chairman commented: "The Company's strong view is that it was misled by MOG at the time LGO sold its 10% interest on 31 July 2012. As MOG won't confirm the facts, we will now let the Court decide on the matter."

Tags: Leni Gas & Oil Plc