Energulf Resources Inc. ENGFF

Did Sintez receive 1.4 billion$ ?

[Columbus1494]

In 2008 Sintez sued the german company RWE for 1.4 billion $.RWE withdrew from a deal with Sintez.
Thats one of the reasons Sintez went into economic problems and had a negative effect on their
engagement in 1711.
There were arbitration procedings going on in London,(LCIA).A desicion was expected in september 2010.
We dont know the decision of the court,the rulings in the LCIA are confidential.
It will be interesting to study their actions in the time ahead,soon we also will have the core results.
RWE is a big company involved in exploration of hydrocarbons,they are part of the Nabucco project.
Could we even see RWE as a partner in 1711 as a part of the arbitration?


Group of "Synthesis" is waiting for resolution of the London arbitration proceedings with RWE in the autumn [08/02/2010


August 2. FINMARKET.RU - The "synthesis" in September, October, awaiting resolution of the London arbitration proceedings with respect to Germany's RWE deal with the shares of TGK-2. Told reporters on Monday, executive director of Fusion, Andrei Korolev. He did not rule that the court may force RWE to return to the deal. Group of "Synthesis" filed a lawsuit for $ 1.41 billion in the London Court of International Arbitration against the German RWE for breach of its obligations relating to the joint acquisition of shares in TGK-2, in late 2008. Strategic shareholder in TGK-2 is an LLC Kores Invest, which, like the band "Synthesis", belongs to the senator from Chuvashia Leonid Lebedev. It was assumed that the costs of purchasing TGK-2 will take on RWE, but he announced in September that comes out of the deal. In accordance with a preliminary agreement between RWE and the group of "Synthesis" share the German concern in the joint venture was to be 51%. TGC-2 "works on the territory of Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl regions.