Among other points, the latest article in 'The Australian' online says that it did not refer to 'receivables'.
The newspaper also states:
"...But while Worley told the ASX on Wednesday afternoon that the net amount owed to it was $58m, the tribunal’s decision, filed in a US court, records that the amount in dispute was “nearly $US470m” — about $A700m.
“Against this background, says the claimant, full accountability requires that compensation for the harm caused to the claimant and its investment encompass the cost of this proceeding. In this respect, the claimant states that at the moment of filing of its Statement on Costs, the breach amounts to $US141.3m not compensated to Worley for its contributions to the Ecuadorean projects and $US325m in civil liabilities,” the tribunal’s decision says..."
WOR Price at posting:
$16.53 Sentiment: None Disclosure: Not Held
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