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CALGARY, Alberta, July 02, 2026 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company“) announces that the Commercial Court of the High Court of Justice of England and Wales has granted a freezing injunction in favour of Jura’s subsidiaries, Frontier Holdings Limited (“FHL“) and Spud Energy Pty Limited (“Spud“), against Petroleum Exploration (Private) Limited (“PEL“) in connection with the enforcement of the ICC arbitral awards previously obtained against PEL.
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The order restrains PEL from disposing of or diminishing the value of certain assets located in England and Wales up to approximately US$6.96 million, subject to the terms of the order. The injunction was granted on an interim basis pending a return hearing currently scheduled for 17 July 2026, at which PEL will have the opportunity to be heard. The injunction applies to specified contractual rights and related assets in England and Wales and includes ancillary disclosure obligations requiring PEL to provide information regarding qualifying assets located within the jurisdiction.
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The English proceedings remain ongoing and that the Court has scheduled a further hearing for 17 July 2026 to consider the continuation of the injunction. As the matter is before the Court, Jura will not comment further on the merits of the proceedings at this time.
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Jura will continue to provide updates to shareholders as material developments occur, and remains committed to enforcing its rights on behalf of all shareholders.
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About
Jura
Energy
Corporation
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Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX-V trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Spud Energy Pty Limited.
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Forward
Looking
Advisory
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This
press
release
contains
certain
forward-looking
statements
and
forward-looking
information
(collectively
referred
to
herein as
“forward-looking
statements”)
within
the
meaning
of
Canadian
securities
laws.
The
words “will”, “continue”, “expects”, “may”, “anticipates”, “intends”, and
similar expressions
are
used
to
identify
forward
looking
information.
Specific
forward-looking
statements
in
this
press
release
include information regarding the continuation of the enforcement proceedings in England, the scheduled return hearing on July 17, 2026 and the continuation, variation or discharge of the freezing injunction.
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The forward-looking statements contained in this press release are based on management’s beliefs, estimates and opinions on the date the statements are made in light of management’s experience, current conditions and expected future development in the areas in which Jura is currently active and other factors management believes are appropriate in the circumstances. Jura undertakes no obligation to update publicly or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise, unless required by applicable law
English (US)