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Jura obtains Dutch Court pre-judgment for attachment of PEL’s rights under legal agreements with Kuwait Foreign Petroleum Exploration Company (“KUFPEC”)
The Dutch Court authorized a pre-judgment attachment to secure EUR20.5 million in arbitration awards and claims related to Petroleum Exploration (Pvt) Limited’s share and farm-in rights.
- The District Court of The Hague on Feb. 02, 2026 granted leave for a pre-judgment attachment over Petroleum Exploration Limited's contractual rights, Jura reported.
- The ICC awards and additional claims, totaling EUR20.5 million, are based on the SA Awards and FHL's ongoing arbitration claims, prompting enforcement steps, Jura reported.
- Jura's wholly-owned subsidiaries Frontier Holdings Limited and Spud Energy Pty Limited filed the application seeking pre-judgment attachment, acting as Attachment Creditors in Pakistan operations, Jura said.
- The attachment will stay in place until the ongoing ICC arbitration concludes, and the Attachment Creditors will begin recognition and enforcement proceedings in the Netherlands.
- Jura cautions that arbitration outcomes and enforcement are uncertain, affecting recovery timelines, and directs readers to its Management's Discussion and Analysis for the year ended December 31, 2024.
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Jura obtains Dutch Court pre-judgment for attachment of PEL’s rights under legal agreements with Kuwait Foreign Petroleum Exploration Company ('KUFPEC”)
CALGARY, Alberta, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Jura Energy Corporation ('Jura” or the 'Company”) reports that the District Court of The Hague (the 'Dutch Court”)...
·Manila, Philippines
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NiagaraFallsReview.ca+8 Reposted by 8 other sources
Jura obtains Dutch Court pre-judgment for attachment of PEL’s rights under legal agreements with Kuwait Foreign Petroleum Exploration Company (“KUFPEC”)
CALGARY, Alberta, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Jura Energy Corporation (“Jura” or the “Company”) reports that the District Court of The Hague (the “Dutch Court”) granted leave to place a pre-judgment attachment in respect of Petroleum Exploration (Pvt) Limited’s…
·Niagara Falls, Canada
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Total News Sources12
Leaning Left10Leaning Right2Center0Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
R 17%
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