PEMBROKE, BERMUDA (By Gold Reserve, 10.Oct.2025, Words: 345) — Gold Reserve Ltd., pursuant to the schedule set by the US District Court for the District of Delaware, filed a motion to disqualify the 2 professional advisors to the special master – the law firm of Weil, Gotshal & Manges LLP […]
Tag: Gold Reserve
Gold Reserve updates US judge Stark’s decision regarding Citgo divestment process
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 18.Sep.2025, Words: 173) — US District Court for the District of Delaware judge Leonard Stark issued a decision denying Gold Reserve Ltd.’s motion to strike the special master’s notice of superior proposal and granting the special master’s request to terminate Gold […]
Gold Reserve moves to have rival Elliott bid for Citgo parent disqualified, filing says
HOUSTON, TEXAS (By Marianna Parraga, Reuters, 27.Aug.2025, Words: 115) — Gold Reserve on Wednesday filed a motion to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management that a Delaware court this month selected as frontrunner in an auction for Citgo Petroleum‘s parent, a court document said. […]
![Gold Reserve reveals $7.382bn Citgo bid recommendation [pdf downloads]](https://energy-analytics-institute.org/wp-content/uploads/2024/10/CITGO18-LemonT-314-scaled.jpeg)
Gold Reserve reveals $7.382bn Citgo bid recommendation [pdf downloads]
HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Jul.2025, Words: 500) — Gold Reserve Ltd. revealed its US acquisition subsidiary, Dalinar Energy Corporation, is the final recommended bidder for acquisition of shares of PDV Holding, Inc., the indirect parent company of Citgo Petroleum Corp. Citgo owns 3 strategically located, deep […]
More Venezuela Creditors to Join Citgo Auction
(Reuters, 8.Jan.2023) — A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South […]
Rafael Ramírez Says Maduro Destroyed PDVSA
(Energy Analytics Institute, Jared Yamin, 19.Aug.2018) – Former PDVSA President Rafael Ramírez says Venezuela produced 3 million barrels per day until December 2013. That figure has dropped by 1.8 million, according to his statements. “When we were in the revolutionary government of Comandante Chávez, we had fiscal balance and enough […]
Lawsuits Push Venezuela to Brink of Default
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – A Paris Court of Appeal’s rejection of an annulment from Venezuela will force the cash-strapped South American country to pay $730 million to Canada’s Gold Reserve Inc. This lawsuit and others pending in international courts, should they be rendered with final decision against […]
Paris Court Favors with Gold Reserve
(Gold Reserve Inc., 7.Feb.2017) – Gold Reserve Inc. announced that on February 7, 2017, the Paris Court of Appeal rejected all of Venezuela’s arguments and issued a judgment dismissing the annulment applications filed by Venezuela pending before the French courts in relation to the arbitral award dated September 22, 2014 […]
Court Enters Default Against Venezuela
(Gold Reserve Inc., 30.Mar.2015) – Gold Reserve Inc. reported on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the $740 million arbitral award dated 22.Sep.2014 rendered against the Bolivarian Republic of Venezuela. On 27.Mar.2015, the Court entered a default against Venezuela […]