May 13 (Reuters) - White Energy Company Ltd WEC.AX :
* Refers to announcements in relation to proceedings brought by its unit against Pt Bayan Resources and Bayan International in connection with KSC joint venture
* Bayan's counter claim has been rejected and the company is continuing to review the judgement
* "Notes that the parties have agreed a settlement amount of $330,000 which is to be paid by bayan to the company in respect of the costs awarded to BCBCS"
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