Feb 25 (Reuters) - NKWE Platinum LTD NKP.AX :
* Update on proceedings against international petroleum ltd NKP.AX
* Company advised that its solicitors had filed a memorandum of appearance in
the supreme court of Western Australia
* Company has served a defence and counterclaim in these proceedings
* Says counterclaim seeks $10 million (with interest and costs) from ipl
* Nkwe believes it is entitled to restitution from ipl in respect of the funds
paid under the sale agreement
* On 22 January received a writ of summons from ipl seeking $45MLN arising from
alleged breach of the 2009 sale agreement for tubatse project
* Source text for Eikon ID:nASX1rRcbH
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