Jura obtains Dutch Court pre-judgment for attachment of PEL's rights under legal agreements with Kuwait Foreign Petroleum Exploration Company ("KUFPEC")

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[{"type":"text","content":"Jura obtains Dutch Court pre-judgment for attachment of PEL’s rights under legal agreements with Kuwait Foreign Petroleum Exploration Company (“KUFPEC”)\n 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 (“PEL”) rights under: (a)the Share Purchase Agreements with KUFPEC Pakistan Holdings B.V., a company incorporated in the Netherlands, for PEL’s acquisition of 100% of the shares of KUFPEC Pakistan Holdings B.V’s three subsidiaries (the “SPA Rights”), and(b)the Farm-in Agreement with Kirthar Pakistan B.V., a company incorporated under the laws of the Netherlands, for PEL’s acquisition of Kirthar Pakistan B.V.’s entire working interest in the Bhit and Badhra Leases in the Kirthar Block (the “Farm-In Rights”). Jura’s wholly-owned subsidiaries, Frontier Holdings Limited (“FHL”) and Spud Energy Pty Limited (“Spud”), (together, the “Attachment Creditors”), filed an application seeking a pre-judgment attachment order over PEL’s SPA Rights and Farm-In Rights. The application seeks to enforce the Attachment Creditors’ claims under: (i)The previously-announced International Chamber of Commerce (“ICC”) Partial Final Award and Final Award dated December 12, 2024 and March 31, 2025, respectively (“SA Awards”), in favor of the Attachment Creditors amounting to US$8.7 million (EUR7.4 million); and(ii)Additional claims (“Additional Claims”) advanced by FHL in respect of an ongoing ICC arbitration amounting to US$12.8 million (EUR10.9 million). The Dutch Court granted the pre-judgement attachment over PEL’s SPA Rights and Farm-In Rights to secure the Attachment Creditors’ claims totaling EUR20.5 million (including interest and costs). The Attachment Creditors will commence formal proceedings for the recognition and enforcement of the SA Awards in the Netherlands. The pre-judgment attachment for the Additional Claims shall remain in effect until the conclusion of the ongoi...

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