CORP. / Canada Southern Petroleum Ltd. Lawsuit Adjourned Until September
CANADA SOUTHERN'S LAWSUIT ADJOURNED FOR THE SUMMER
CALGARY, Alberta, July 1 /CNW/ - Canada Southern Petroleum Ltd. (Nasdaq:
CSPLF; Toronto/Boston/Pacific: CSW) said its lawsuit against Amoco Canada and
the other working-interest partners in the Kotaneelee gas field has been
adjourned until September, when the Court of Queens Bench will reconvene after
its summer recess.
The company said it expects to complete the presentation of its case
during September.
The Kotaneelee field, in which Canada Southern has a 30% carried
interest, is now producing approximately 39 million cubic feet of gas per day,
according to a company spokesman, who said one of the producing wells is about
to undergo remedial work.
The problem well, B-38, has a current output of about 11 million cubic
feet per day, the spokesman said, noting that estimated repair costs range
from $1 to $8 million (Cdn.). He further noted there is no assurance the
working-interest partners will agree to the maximum expenditure.
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