:: Delta Oil ::


	Delta Oil, a leading independent Saudi-owned oil and gas company, announces that it has reached settlement of its libel lawsuit against the Boston Herald (“The Herald”) filed in the United States District Court for the District of Massachusetts. The suit arose from an article published in The Herald on 10 December 2001, containing incorrect information about the Company, its ownership, and its implied business links. Under the settlement, The Herald issued a correction of the story in its edition of 13 July 2005, apologized to Delta and its owner, and paid the Company a cash settlement, which Delta will donate to the Red Cross to assist in its work in helping the victims of disasters and conflicts worldwide. The article, which was the subject of the suit, stated that Mohammed Hussein Al-Amoudi appeared to be “the prime force” behind Delta Oil. Mr. Al-Amoudi does not now, nor has he ever, controlled or owned Delta Oil. Furthermore, on 19 February 2002, The Herald printed a retraction stating that it was incorrect in reporting that Mr. Al-Amoudi had ties to terrorist groups, but neglected to correct the misstatement regarding Delta Oil. The 13 July 2005 Herald correction, states that “it was incorrect to state or imply that Mr. Al-Amoudi had an ownership interest in Delta Oil or was a prime force in the company." The correction also made clear that "the Herald did not report or intend to imply that Delta Oil or its owner was in any way linked to Al-Qaeda or any terrorist group. The Herald regrets the error.” Delta Oil has never been affiliated or linked in any way with any terrorist organizations, and welcomes the Herald's disavowal of any statement or suggestion to the contrary and its apology. Enquiries: Lisa J Newman, Newman Consulting, Tel: +44 (0)1252 878682 Further information on Delta Oil can be found on the Company’s website at http://www.delta-oil.com