AUSTRALIA

Baraka seeks legal action

BARAKA is taking legal action over default notices issued by Statoil that allege failure to pay cash calls under the work programs for the EP127 and EP128 permits in the Northern Territory.

Baraka claimed in January that the $26.6 million work programs for the permits in 2014 were invalid. It said it would not contribute on the basis that it would have to raise $4 million on top of its assets...

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