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BRIEF-Carbon Energy updates on Summa resources dispute

Published 25/11/2015, 10:22 am
© Reuters.  BRIEF-Carbon Energy updates on Summa resources dispute
CNX
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Nov 25 (Reuters) - Carbon Energy Ltd CNX.AX :

* Summa resources dispute update CNX.AX

* The quantum of damages sought is no less than $70 million plus interest, costs and exemplary damages in an unquantified amount

* Says summa is also seeking the imposition of a trust or equitable lien over assets of or under the control of Carbon Energy

* Says is yet to be served with the proceedings

* Become aware that proceedings have been filed by Summa against co in United States district court for the northern district of California

* Is working with its US lawyers on co's response and will vigorously defend the claims made in respect of the allegations

* Source text for Eikon ID:nASXPFXT9

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