ctp coal discovery, page-3

CTP have rejected farmin with advent, advent have not accepted rejection and are claiming damages....full year stat accounts...
However, on
6 February 2008 Central (by email to Advent) on
its own behalf and on behalf of its subsidiaries
purported to unilaterally withdraw from its
contractual obligations under the MOU and from
any Farmout Agreement.
Advent considered that the email from CTP
constituted a repudiatory breach of its obligations
under the MOU, and have, via Advent’s solicitors,
put Central on notice that Central’s purported
unilateral withdrawal from its obligations under
the MOU is not accepted, and that Advent
reserves its rights to claim damages from Central
and its subsidiaries for their repudiatory breach
of contract.
Advent remains the largest single shareholder of
Central Petroleum Ltd.