Court lifts Jura Energy attachments

The Netherlands — District Court of The Hague>>> has issued a judgment ordering the lifting of pre-judgment third-party attachments previously obtained by Frontier Holdings Limited>>> and Spud Energy Pty Limited>>>, wholly-owned subsidiaries of Pacific Energy Corporation>>>. These attachments were placed on certain rights of Petroleum Exploration (Private) Limited>>> under agreements with Kuwait Foreign Petroleum Exploration Company — KUFPEC Pakistan Holdings B.V.>>> and Kirthar Pakistan B.V.>>> to enforce arbitral awards against Petroleum Exploration (Private) Limited>>>. The court's decision, dated June 4, 2026, was based on procedural grounds, specifically regarding information that should have been disclosed in the original attachment application, and did not adjudicate the merits of the underlying claims. The court also awarded legal costs against Frontier Holdings Limited>>> and Spud Energy Pty Limited>>>. Pacific Energy Corporation>>> is currently reviewing the judgment and evaluating its legal options, including appealing the decision or filing a new attachment application.