Tue Oct 15, 2019 11:50 pm
"GEORGIA UPDATE
Range, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, provides an update with respect to its interest in the Georgian project.
Range previously advised that it had submitted a Notice of Arbitration against the State of Georgia in respect of the wrongful termination of the production sharing contract over Block VIA dated 29 March 2007 in Georgia (the "PSC"). After careful consideration, Range has withdrawn the Notice of Arbitration on a without prejudice basis."