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CALGARY, Alberta, June 05, 2026 (GLOBE NEWSWIRE) — Jura Energy Corporation (“Jura” or the “Company“) announces that the District Court of The Hague, Netherlands (the “Court”), has issued a judgment in summary proceedings ordering the lifting of the pre-judgment third-party attachments previously obtained by Frontier Holdings Limited (“FHL“) and Spud Energy Pty Limited (“Spud“), wholly-owned subsidiaries of the Company.
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The attachments were over certain rights of Petroleum Exploration (Private) Limited (“PEL“) under agreements PEL had with KUFPEC Pakistan Holdings B.V. and Kirthar Pakistan B.V. (together “KUFPEC“) and were in support of the enforcement of arbitral awards rendered against PEL and in favour of FHL and Spud.
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The summary proceedings were initiated by KUFPEC seeking the lifting of the attachments. In its judgment dated June 4, 2026, the Court ordered that the attachments be lifted and awarded legal costs against FHL and Spud. The Court’s decision was based on procedural grounds relating to information that the Court concluded should have been disclosed in the original attachment application. The Court did not adjudicate the merits of the claims underlying the arbitral awards obtained by FHL and Spud against PEL. Having reached its conclusion on the procedural issue, the Court expressly determined that it was unnecessary to consider the other grounds advanced by the applicants for lifting the attachments.
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The Company is reviewing the Court’s judgment with its legal advisers and is evaluating its legal options including its right to appeal the judgment or filing a fresh attachment application addressing the issues identified by the Court in its judgment, as well as other remedies available.
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The Company will provide further updates as material developments occur.
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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”,
and
similar expressions
are
used
to
identify
forward
looking
information.
Specific
forward-looking
statements
in
this
press
release
include information regarding the evaluation of legal options including the Company’s right to appeal the judgment or filing a fresh attachment application addressing the issues identified by the Court in its judgment, as well as other remedies available.
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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
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