Brief: Jura Announces Highly Favorable Resolution Of Arbitration Proceedings Regarding Badin Iv North And South Blocks
19/12/2024 22:06
Dec 19 (Reuters) - Jura Energy Corp JEC.V :
* JURA ANNOUNCES HIGHLY FAVORABLE RESOLUTION OF ARBITRATION
PROCEEDINGS REGARDING BADIN IV NORTH AND SOUTH BLOCKS
* JURA ENERGY CORP -ARBITRAL TRIBUNAL HAS ALSO DISMISSED PEL
COUNTERCLAIMS OF APPROXIMATELY US$483 MILLION
* JURA ENERGY CORP - FRONTIER HOLDINGS AWARDED $2.48 MILLION
DAMAGES PLUS INTEREST AGAINST PEL BY ICC ARBITRATION TRIBUNAL
* JURA ENERGY CORP-ESTIMATED AMOUNT OF DAMAGES & INTEREST
AWARDED
TO CLAIMANTS AS OF DATE OF ARBITRAL AWARD IS ABOUT US$5 MILLION
AND US$2 MILLION RESPECTIVELY
Source text: ID:nGNX9whjjN
Further company coverage: JEC.V
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Jura Energy
See all newsBrief: Jura Energy Corp Updates On Claim Filed By Shahzad Zaheer
Brief: Jura Energy Sells 60% Interest In Sara & Suri Block To OGDCL
Brief: Jura Announces Highly Favorable Resolution Of Arbitration Proceedings Regarding Badin Iv North And South Blocks
Brief: Jura Announces Changes To Its Board Of Directors
Brief: Jura Energy Corp Says Repair And Testing Of Zarghun South Sale Gas Pipeline Have Been Completed; Supply Has Resumed From Zarghun South Lease