Jura Energy ( (TSE:JEC) ) has shared an announcement.
Jura Energy Corporation announced a favorable ruling in its ICC arbitration proceedings, where its subsidiaries, Spud Energy Pty Limited and Frontier Holdings Limited, were awarded approximately US$ 0.54 million in costs against Petroleum Exploration (Private) Limited, the operator of the Badin IV North and South blocks. The company is working with its legal team to enforce the cost award in Pakistani courts, a process expected to extend into the medium-term. This development is significant for Jura as it could impact the company’s financial position and its operations in Pakistan, providing potential relief and setting a precedent for future disputes.
More about Jura Energy
Jura Energy Corporation is an international energy company focused on the exploration, development, and production of petroleum and natural gas properties in Pakistan. Based in Calgary, Alberta, Jura operates through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited, and is listed on the TSX-V under the symbol JEC.
YTD Price Performance: 75.00%
Average Trading Volume: 16,384
Technical Sentiment Signal: Hold
Current Market Cap: C$2.07M
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