PRESS RELEASE
05 MARCH 2007
LITIGATION UPDATE
Ramco Energy plc ("Ramco" or the Company)
Ramco Energy plc ("Ramco") is pleased to announce a favourable decision in the long-running Tenge lawsuit in Texas at the level of Texas’ highest court.
Ramco won the appeal in this case in June 2006 and in October 2006 the plaintiffs’ first request for a review of the appeal was denied by the 14th Texas Court of Appeals. In January 2007, the plaintiffs petitioned the Texas Supreme Court to review the decision of the Court of Appeals.
On 2 March 2007 the Texas Supreme Court denied the plaintiffs’ petition. The Supreme Court determined that the plaintiffs’ petition did not present any error which required reversal.
Steve Remp, Chairman of Ramco, said:
“We have won two appeals in the Court of Appeals and the Supreme Court has now denied the plaintiffs a review at the highest level in Texas. This is the verdict we all expected”.
ENQUIRIES:
Ramco Energy plc- Aberdeen
Steven Bertram, Managing Director,
Tel: 01224 748480
John East & Partners Limited
David Worlidge, Tel: 020 7628 2200
College Hill - London
Nick Elwes, Tel: 020 7457 2020
Ramco Energy plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
United Kingdom
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481