Elliott’s Amber Energy
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Gold Reserve Provides Update on CITGO Sale Process Ruling
On September 18, 2025, a U.S. court ruled against Gold Reserve Ltd. in its bid to acquire PDVH shares, granting the Special Master’s request to terminate Gold Reserve’s share purchase agreement with Dalinar Energy and proceed with a SPA with Elliott’s Amber Energy. The judge emphasized that this decision aligned paperwork with the Special Master’s recommendation and didn’t reflect a final decision on the superior bid. A written order is forthcoming. The case involves competing bids for PDVH shares from Gold Reserve and Elliott.
