posted
BPI Energy Wins Summary Judgment in ICG Litigation Friday May 23, 7:55 am ET
CLEVELAND--(BUSINESS WIRE)--BPI Energy Holdings, Inc. (AMEX: BPG - News), an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, today announced that the Twentieth Judicial Circuit Court in Perry County, Ill., has granted summary judgment in its favor with respect to the previously announced litigation with ICG Natural Resources, LLC. ADVERTISEMENT
The litigation was related to coalbed methane lease acreage rights in an area covering approximately 64,000 acres in Macoupin and Perry counties in Illinois. In its ruling, the District Court also denied ICG’s motion for a summary judgment and found the CBM leases in question are valid.
James G. Azlein, BPI president and CEO, stated: “We are gratified that the District Court ruled definitively in BPI’s favor. In our view, justice has prevailed in this case.”
BPI Energy (BPI) is an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, which covers approximately 60,000 square miles in Illinois, southwestern Indiana and northwestern Kentucky. The company controls a large CBM acreage position in the Illinois Basin at approximately 531,000 acres.
News releases and other information on the company are available on the Internet at: http://www.bpi-energy.
-------------------- who says you cant trade stocks at 17!!? Posts: 288 | From: Wisconsin | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
