Jura Energy Wins Full Dismissal of PEL Appeal in UK Court, Clearing Path to Enforce Arbitral Award
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Jura Energy Corporation has successfully had an appeal by Petroleum Exploration (Private) Limited dismissed by the High Court of Justice in England and Wales. This ruling confirms that Frontier Holdings Limited retains its 27.5% working interest in the Badin IV South and Badin IV North assets, while also awarding Jura approximately GBP 384,000 in costs and issuing an anti-suit injunction against PEL. With the legal challenge resolved, Jura can now proceed to enforce the arbitral award, enhancing its operational stability in Pakistan.
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