SEPLAT said it has been made aware of some media publications on the enforcement by the Federal High Court in Ikoyi, Lagos, Nigeria.
The lawsuit is a $114 Million judgment made by a UK High Court against Shebah Exploration & Production Company Ltd, Allene Ltd and Dr. Ambrosie Orjiako who is also the Chairman of the Board of Directors of SEPLAT.
SEPLAT is not a party to the litigation. The Company will monitor the progress of this suit and issue a further communication on the matter as appropriate.