Star Phoenix Group Ltd RRTL sale update (8807H)
March 27 2020 - 7:25AM
UK Regulatory
TIDMSTA
RNS Number : 8807H
Star Phoenix Group Ltd
27 March 2020
Star Phoenix Group Ltd
("Star Phoenix" or "the Company")
27 March 2020
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE
("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
RRTL SALE UPDATE
Star Phoenix (AIM: STA), an international company with oil and
gas projects and oilfield service businesses in Trinidad and
Indonesia, is pleased to advise that it has received a further cash
payment of US$508,000 (which includes late fee payment) from
LandOcean Energy Services Co., Ltd ("LandOcean"), pursuant to the
sale of Range Resources Trinidad Limited ("RRTL"). To date, the
Company received the total of US$1,508,000 from LandOcean pursuant
to the RRTL sale, with US$1,000,000 remaining to be paid.
Contact Details
Cantor Fitzgerald Europe (Nominated
Star Phoenix Group Ltd Adviser and Broker)
Evgenia Bezruchko (Group Corporate David Porter / Rick Thompson (Corporate
Development Manager & Joint Company Finance)
Secretary) t. +44 (0)20 7894 7000
e. admin@starphoenixgroup.com
t. +44 (0)20 3865 8430
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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