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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (12352)	9/19/1998 8:41:00 AM
From: Kerm Yerman	Read Replies (3) of 15196

CORP. AFFAIRS / Canada Southern Petroleum Lawsuit Update CANADA SOUTHERN RESTS ITS CASE IN KOTANEELEE LAWSUIT CALGARY, Alberta, Sept. 18 /CNW/ -- Canada Southern Petroleum Ltd. (Nasdaq: CSPLF; Toronto/Boston/Pacific: CSW) said it has completed the presentation of its case against Amoco Canada and several other partners in the Kotaneelee gas field. Presentation of the defendants' side of the case commenced last Wednesday, the company said. According to a Canada Southern spokesman, the company presented evidence at trial that the monetary damages sustained by the company were approximately $100 Million (Canadian). The company's lawsuit, filed eight years ago, seeks damages and/or other relief for the defendants' breach of fiduciary duty in failing to market gas from the field, in which Canada Southern has a 30% carried interest.

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