July 21 (Reuters) - MEC Resources Ltd (MMR)
- Update on dispute with BPH and GBA
- Claims between each of bph energy ltd, grandbridge ltd and mec have been temporarily suspended
- Withdrew its statutory demand issued to BPH Energy Ltd on 3 July
- Confirms that a settlement conference will be held between company, Bph Energy Ltd and Grandbridge Ltd
- "Withdrawal of statutory demand by mec should not be construed as mec resiling from amounts it alleges are owed to it"
- Statutory demand was issued to BPH Energy in relation to alleged default on repayment by BPH Energy LTD under formal loan agreement
