Claim Against Range Resources Trinidad Limited

RNS Number : 9765U

Star Phoenix Group Ltd

04 August 2022

 

4 August 2022

Star Phoenix Group Ltd

("Star Phoenix" or the "Company")

Lodgment of Claim Against Range Resources Trinidad Limited

Star Phoenix, an AIM listed company (AIM: STA) focused on growth through attractive opportunities, provides the following update in relation to its wholly owned subsidiary in Trinidad, Range Resources Drilling Services Limited ("RRDSL").

RRDSL, through its attorney (Robin B. Ramoutar & Co), has submitted three claims at a total amount of approximately TT$14.9 million (£1.78 million) against Range Resources Trinidad Limited ("RRTL" or the "Defendant") in the Supreme Court of Trinidad and Tobago in respect of breach of loan, service and equipment rental contracts from the Defendant (the "Claims"). A Court date will be scheduled in due course.

The Company will provide updates as appropriate.

This announcement has been approved by Chairman Lubing Liu on behalf of the Company.

Contact Details
Star Phoenix Group Ltd Robin Luo (Company Secretary) e.   [e-mail] t.   [phone]	WH Ireland Limited (Nominated Adviser and Broker) James Joyce / Ben Good t.   [phone]

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.

 

END

 

 

MSCFLFELTVISIIF