Oilex provide West Kampar negotiation update (Scandinavian Oil-Gas Magazine)

Oilex provide West Kampar negotiation update

Published Feb 12, 2014

Oilex Ltd has received another good faith payment from PT Sumatera Persada Energi (SPE), in addition to the payment mentioned in the December 2013 Quarterly Report.

This represents a significant step forward in the ongoing negotiations to reach an amicable commercial settlement to the International Court of Arbitration Award of US$4.8m in favour of Oilex and other associated matters.

Discussions between the parties continue to progress and Oilex will inform the market when further material information becomes available in relation to a final agreement.

Tags: Oilex Ltd

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