Taipan has stated that its wholly-owned Kenya-based subsidiary, Lion Petroleum has received formal notice from the high court of Kenya of a temporary injunction preventing the company from working on the Badada-1 well site in Block 2B, north-east Kenya.
“Based on legal advice received the Block 2B partners are confident that the injunction will be revoked such that the company can progress to its projected spud of the Badada-1 well in early January 2015,” said Taipan.
Adjoined to Lion in the lawsuit as co-respondents are the Kenyan Cabinet Secretary, Ministry of Petroleum, the Attorney General of Kenya, the Chairperson of the National Land Corporation and Premier Oil.
Taipan holds 30 per cent working interests and is the operator at Badada-1, with Tower Resources holding 15 per cent and Premier Oil holding 55 per cent.
Source: Oil & Gas Technology