BRIEF-Sino Australia Oil and Gas updates on ASIC Federal Court proceedings

March 20 (Reuters) - Sino Australia Oil and Gas Ltd SAO.AX :

* Update on asic federal court proceedings ipo-sao.ax

* Says interim orders restrain the company from transferring funds out of two

of the company's bank accounts

* At hearing of matter on Tuesday, 18 March 2014 by consent the interim

injunction was extended up to Tuesday, 8 April 2014

* Source : Href="Link">http://r.reuters.com/qaj77v

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