March 20 (Reuters) - Baraka Energy & Resources Ltd
* Says commenced proceedings in the supreme court of Western Australia against Statoil and PetroFrontier
* Says confident that it will succeed in preventing forfeiture of its interest in the permits pursuant to the default notices
* Proceedings to restrain action on the default notices and contest the validity of the 2014 work program and budget
* Source text for Eikon
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