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RSS FeedsArbitration Commences Over Vietnam Acquisition
(WorldNews Europe)

 
 

3 july 2020 10:53:47

 
Arbitration Commences Over Vietnam Acquisition
(WorldNews Europe)
 


Arbitration Commences Over Vietnam Acquisition July 3, 2020-Singapore: Jadestone Energy Inc. (AIM:JSE) (`Jadestone`, or the `Company`), an independent oil and gas production company focused on the Asia Pacific region, announces that it has commenced arbitration proceedings against Teikoku Oil (Con Son) Co. Ltd (`Teikoku`), a wholly-owned subsidiary of Inpex Corporation (`Inpex`), in respect of Jadestone`s acquisition of an interest in Block 05-1 PSC, offshore Vietnam. On August 9, 2016, Jadestone, as buyer, signed a definitive sale and purchase agreement (`SPA`) with Teikoku, as seller, for the acquisition of a 30% working interest in Block 05-1 PSC, for a total cash consideration of US$14.3...


 
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