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BRIEF-Lakes Oil updates on writ related to Victorian Minister of Resources

Published 06/12/2016, 08:36 pm
Updated 06/12/2016, 08:40 pm
© Reuters.  BRIEF-Lakes Oil updates on writ related to Victorian Minister of Resources

Dec 6 (Reuters) - Lakes Oil Nl LKO.AX

* quantum of damages claimed in writ exceeds $2.7 billion

* Advises Mirboo Ridge Pty Ltd And Petro Tech Pty Ltd, filed a writ in supreme court of victoria

* damages are sought for losses suffered by company as a result of minister's conduct

* further legal proceedings initiated-lko.ax

* lakes oil is in discussion with parties regarding potential provision of funds specifically for derogation from grant proceedings

* writ asserts actions of victorian minster for resources, in depriving co to use its exploration permits constitutes a derogation from those grants Source text for Eikon: ID:nASXbRQk6M Further company coverage: LKO.AX

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