General Announcement for PLC
19/11/2021MATERIAL LITIGATION Reach Energy Berhad (REB or the Company) - Court Case in Kazakhstan between Emir Oil LLP and Department of Industrial Safety of Mangistau region
REACH ENERGY BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | Reach Energy Berhad (REB or the Company) - Court Case in Kazakhstan between Emir Oil LLP and Department of Industrial Safety of Mangistau region |
We refer to the Company’s announcement dated 17 November 2021 in respect of the court case initiated against Emir Oil LLP (“EO” or the Defendant”), a major subsidiary of the Company in connection with the inspection by the Department of Industrial Safety of Mangistau region of the Republic of Kazakhstan (“Plaintiff”).
(hereinafter referred to as “the Suit”)
The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to furnish the following additional information relating to the above mentioned matter:
The Company will engage a technical consultant to assess and conclude that the operation of the facilities and equipment is safe. The Company is seeking necessary technical and legal advice to resolve the claims and mitigate the risk of suspension of the hazardous facilities and technical equipment at EO.
This announcement is dated 19 November 2021. |
Announcement Info
Company Name | REACH ENERGY BERHAD |
Stock Name | REACH |
Date Announced | 19 Nov 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-19112021-00012 |