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MOBIL OIL CORP. v. COASTAL PETROLEUM CO.

Nos. 81-5533, 81-5812.

671 F.2d 419 (1982)

MOBIL OIL CORPORATION, a New York Corporation, Plaintiff-Appellant, v. COASTAL PETROLEUM COMPANY, a Florida Corporation, Defendant-Appellee. MOBIL OIL CORPORATION, a New York Corporation, Plaintiff-Appellant, v. COASTAL PETROLEUM COMPANY, a Florida Corporation, and The State of Florida Department of Natural Resources and The Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

March 4, 1982.

Attorney(s) appearing for the Case

King & Spalding, Charles H. Kirbo, Michael C. Russ, Atlanta, Ga., Holland & Knight, Julian Clarkson, Hume F. Coleman, Tallahassee, Fla., for Mobil Oil Corp.

James R. Hubbard, Beckham, McAliley & Proenza, Miami, Fla., Robert J. Beckham, Jacksonville, Fla., Joseph C. Jacobs, Ervin, Varn, Jacobs, Odom & Kitchen, Tallahassee, Fla., for Bd. of Trustees of Intern. Imp. Trust Fund for State of Fla.

Robert J. Angerer, Joseph C. Jacobs, Tallahassee, Fla., C. Dean Reasoner, Washington, D. C., for Coastal Petroleum Co.

Before MORGAN, TJOFLAT and JOHNSON, Circuit Judges.

TJOFLAT, Circuit Judge:

I.

These consolidated appeals arise out of a lawsuit whose complex procedural history we need only summarize. On September 24, 1976, Mobil Oil Corporation (Mobil) filed a complaint in the Circuit Court for Leon County, Florida, seeking a declaration of its rights under an oil exploration agreement with Coastal Petroleum Company (Coastal). Coastal responded with five counterclaims, the second of which alleged Mobil's conversion of...

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