Published:
Frankel Offshore Energy, Inc. Sues Probe Resources U.S., Ltd., and L. Scott Broussard for Fraud and Breach of Contract in Texas District Court
Frankel Offshore Resources, Inc. ("FOE") filed
suit in Texas District Court in Houston, Texas on Wednesday, November 26,
2008, naming Probe Resources U.S., Ltd. and its chief executive officer L.
Scott Broussard as defendants. The suit alleges that Probe, through
Broussard, breached a Confidentiality Agreement and fraudulently deprived
FOE of its interests in certain offshore properties, including Gulf of
Mexico Blocks East Cameron 36, East Cameron 37, East Cameron Block 246,
South Timbalier 214, and Brazos 434. FOE seeks to impose a constructive
trust on the properties and their revenues. The suit also seeks money
damages.
Probe Resources U.S., Ltd. is a Woodlands, Texas-based subsidiary of Probe
Resources, Ltd. (TSX-V: PBR).
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