Star Phoenix Group Ltd Update on LandOcean Arbitration Proceedings (0795N)
May 27 2022 - 4:44AM
UK Regulatory
TIDMSTA
RNS Number : 0795N
Star Phoenix Group Ltd
27 May 2022
27 May 2022
Star Phoenix Group Ltd
("Star Phoenix" or the "Company")
UPDATE ON ARBITRATION PROCEEDINGS AGAINST LANDOCEAN - STAGE 1
CLAIMS
Star Phoenix (AIM: STA), an international company with an
oilfield services business in Trinidad and an oil and gas interest
in Indonesia, is pleased to provide an update on the final hearing
of arbitration proceedings against LandOcean Energy Services Co.,
Ltd and its affiliates ("LandOcean") since previous announcements
dated 7 September 2021, 14 July 2021 and 6 May 2022 ("Stage 1
Claims").
As announced on 6 May 2022, a final hearing in relation to the
Stage 1 Claims was scheduled by the Tribunal to be held on 30 May
2022. LandOcean has however applied to postpone the final hearing
which accordingly will be re-scheduled to a yet to be determined
date.
The Company will provide an update in due course.
This announcement has been approved by Chairman Kerry Gu on
behalf of the Company.
Contact Details
WH Ireland Limited (Nominated
Star Phoenix Group Ltd Adviser and Broker)
Lubing Liu (Company Secretary) James Joyce / Ben Good
e. admin@starphoenixgroup.com t. +44 (0)20 7220 1666
t. +61 8 6205 3012
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUBOWRUKUVURR
(END) Dow Jones Newswires
May 27, 2022 04:44 ET (08:44 GMT)
Star Phoenix (LSE:STA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Star Phoenix (LSE:STA)
Historical Stock Chart
From Jul 2023 to Jul 2024