Feb 26 (Reuters) - Omni Bridgeway Ltd OBL.AX :
* UPDATES ON WIVENHOE CLASS ACTION MEDIATION
* MEDIATION RESULTED IN SETTLEMENT WITH STATE OF QUEENSLAND AND SUNWATER, IN AMOUNT OF A$440MLN
* CASE AGAINST STATE OWNED ENTERPRISE SEQWATER HAS NOT SETTLED AT THIS STAGE
* INTENDS TO DERECOGNISE PORTION OF ITS INVESTMENT ATTRIBUTABLE TO SETTLEMENT THIS FINANCIAL YEAR
* TO RECOGNISE INITIAL INCOME OF ABOUT $30 MILLION THEREBY GENERATING PROFIT OF ABOUT $11 MILLION ON PROJECT COSTS & THIS FY
* UPPER LEVEL OF PRIOR POTENTIAL INCOME RANGE FOR INVESTMENT, OF A$130 MILLION-A$170 MILLION, TO BE MORE LIKELY AND TO BE CONSERVATIVE
* THERE IS NO SETTLEMENT AT THIS STAGE OF 50% PORTION OF LIABILITY ALLOCATED TO SEQWATER