Update on RRDSL Claim

RNS Number : 9929N

Star Phoenix Group Ltd

07 June 2022

 

7 June 2022

Star Phoenix Group Ltd

("Star Phoenix" or the "Company")

Update on RRDSL Claim

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 a claim at an amount of approximately TT$1.1 million (£132,000) against 360 Oil and Gas Limited (the "Defendant") in the Supreme Court of Trinidad and Tobago (the "Claim") in respect of unpaid service fees from the Defendant. A Court date will be scheduled in due course.

The Company will provide further 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.

 

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