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Centric Energy Corp V.CTE



TSXV:CTE - Post by User

Post by bregenon Sep 28, 2010 12:49pm
322 Views
Post# 17501699

Another company responds. Sound like

Another company responds. Sound likethey all have the same law firm.

LION ENERGY CORP ADVISED BY AFRICA OIL CORP. OF COURT PROCEEDINGS

TSX.V - LEO

VANCOUVER, Sept. 28/CNW/ - Lion Energy Corp. (the "Company" or "Lion Energy") (TSX.V -LEO) has been informed of Kenyan court proceedings, which were broughtby Interstate Petroleum Ltd. ("IPL") against the Permanent Secretary,Ministry for Energy. IPL is seeking a judicial review of theadministrative process that led to the issuance of exploration permitsrelated to Africa Oil Corp's (the"Operator") interest in Blocks 10BB, amongst others, which resulted inthe Operator being a named party to the proceedings. A preliminaryorder, granting IPL leave to seek orders against the PermanentSecretary, has been granted, and a hearing date has been establishedfor October 27, 2010. The Operator has been advised by its legal counsel in Kenya that the courts in Kenyawill generally grant this sort of preliminary order in applications ofthis nature, as there is no requirement to establish the merit of theclaim on the initial application.

The Kenyan Ministry of Energy has advised the Operator that it maycarry on its work program and that its production sharing contracts arein good standing.

The Operator's President and CEO, Keith Hill, has advised the Company of the proceedings and stated, "AfricaOil believes there is no basis for the claims that IPL is makingagainst the Permanent Secretary. We understand that both the PermanentSecretary and the Ministry of Energy share our view in that regard. AfricaOil will work closely with the Permanent Secretary, Ministry of Energy,Kenyan Attorney General's office and other interested parties to ensurethat our interests in the Blocks are safeguarded."

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