Seascape Energy Regulatory News (SEA)

5 Mar 2007 07:04

Ramco Energy PLC05 March 2007 Ramco Energy plc LITIGATION UPDATE Ramco Energy plc ("Ramco") is pleased to announce a favourable decision in thelong-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 theplaintiffs' first request for a review of the appeal was denied by the 14thTexas Court of Appeals. In January 2007, the plaintiffs petitioned the TexasSupreme Court to review the decision of the Court of Appeals. On 2 March 2007 the Texas Supreme Court denied the plaintiffs' petition. TheSupreme Court determined that the plaintiffs' petition did not present any errorwhich required reversal. Steve Remp, Chairman of Ramco, said: "We have won two appeals in the Court of Appeals and the Supreme Court has nowdenied the plaintiffs a review at the highest level in Texas. This is theverdict we all expected". 5 March 2007 ENQUIRIES: Ramco Energy plcSteven Bertram Managing Director 01224 748480 John East & Partners LimitedDavid Worlidge 020 7628 2200 College HillNick Elwes 020 7457 2020 This information is provided by RNS The company news service from the London Stock Exchange