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Tilbake til: Olje og energi
Innlegg av: rischioso (18.10.17 12:51 ), lest 9817 ganger
Ticker: APCL
Endret: 18.10.17 15:14

APCL - Voldgiften er startet - selskapet mener alvor!

Endelig og omsider kom meldingen vi ventet på og det er først nå ting vil kunne skje.

Det har tatt tid og det tar også tid og etablere en god sak.

I tillegg så vil jeg tro at timingen av denne meldingen er alt annet enn tilfeldig og en del av strategien ovenfor Senegal hvor avtalen om SOSP går ut den 15.12.

Denne meldingen sender av samme grunn ut klare signaler både til Gambia og ikke minst Senegal som nå vil forstå at de bør komme til en løsning på SOSP for ellers så kan det bli problemer både på SOSP og ROP...;)



African Petroleum Corporation Limited ("African Petroleum"
or the "Company") advises that its wholly owned subsidiaries
African Petroleum Gambia Limited and APCL Gambia B.V have
lodged Requests for Arbitration ("RFA") documents with the
International Centre for the Settlement of Investment
Disputes ("ICSID") in order to protect its interests in the
A1 and A4 licences in The Gambia, and that these RFAs have
been registered and allocated case numbers by ICSID.

Due to legal confidentiality considerations and commercial
sensitivities associated with the arbitration process, the
Company intends to only provide material updates to
shareholders as and when appropriate.

Commenting on the update, CEO Jens Pace said:
"As we have emphasised on numerous occasions, arbitration is
certainly not our preferred route; however, we believe
arbitration is necessary to protect our interests in these
licences in which we have made significant investment over
the years. Despite the formal commencement of this process,
we reiterate that we remain wholly open to engaging in
constructive dialogue with the Gambian authorities with a
view to establishing a satisfactory solution that is in the
interest of all parties.

Our message to our shareholders at this time is that we
fully appreciate the concerns and queries they might have
around this process and we understand that they will be keen
for regular updates in terms of timings and possible
outcomes. We are; however, legally and commercially
constrained by what we can disclose and therefore request
their patience as we work through this sensitive, fluid and
complex process. It is also important to emphasise that we
would not be embarking on this process, nor would it have
been formally registered with ICSID, if we did not feel that
we had a valid claim supported by the legal counsel we have
received on the matter to date."

For further information, please contact:
Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810

Media Contacts:
Ben Romney/Chris Judd
Tel: +44 207 466 5000

About African Petroleum
African Petroleum is an independent oil and gas exploration
company with an equity interest in licences in four
countries offshore West Africa (Senegal, The Gambia, Côte
d'Ivoire and Sierra Leone). The Company's assets are located
in proven hydrocarbon basins in the West African Transform
Margin and the Atlantic Margin, where several discoveries
have been made in recent years.

For more information about African Petroleum, please see
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