Moncrief Oil International: Considers lodging an appeal in BASF
Fort Worth, Frankenthal/Pfalz (Germany), 31 May 2007 Over the next
view weeks, Moncrief Oil International will examine in detail the
judge's comments in today's oral hearing before Frankenthal (Pfalz)
District Court and will comment in a further written statement before
this court in due time before the ruling on 5 July 2005.
Moncrief Oil International welcomes the decision of the presiding
judge to explicitly recognise its jurisdiction and the application of
German Law in this case, as well as the judge's comment that the
claim is not barred by the statute of limitations.
If Moncrief Oil International fails to eliminate the doubts expressed
by the court as to BASF being in violation of competition law, the
family-owned business from Fort Worth, Texas is considering lodging
an appeal before the competent higher regional court.
Furthermore, against the backdrop of today's findings, Moncrief Oil
International cannot exclude the possibility of bringing the claim
before a Russian Court.
End of Announcement
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ABOUT MONCRIEF OIL INTERNATIONAL:
Moncrief Oil International, Fort Worth, Texas, is one of the most
successful family-owned oil and gas producers (exploration and
production) in the United States. In its 60 years as a leading oil
and gas explorer and producer, Moncrief Oil has discovered or played
a prominent role in the development of numerous major oil fields all
over the United States and abroad (e.g. Siberia, Azerbaijan).
Founder and CEO of Moncrief Oil International is Richard W. Moncrief,
a third-generation principal in Moncrief Oil and philanthropist. He
is the current chairman of ALL AMERICAN WILDCATTERS, an organization
of American oil and gas explorationists and producers. He has served
on the Board of Directors of the Independent Petroleum Association of
America and the Texas Commerce Bank.
Results: S. Holzinger!
Stephan Holzinger, Speaker
Tel. +49 (0)175 59 30 897
V.i.S.d.P.: Richard W. Moncrief, Director, Chairman and CEO of
Moncrief Oil International, 301 Commerce Street, Suite 3600, Fort
Worth, Texas 76102, T. +1 817 348 8454, F. +1 817 348 8464
Exclusion of Liability: Despite careful and regular checking,
Results: S. Holzinger! does not assume liability or not take any
guarantee for the completeness, correctness, or topicality of the
information provided in this press release.