PTT Exploration and Production Public Company Limited (SET: PTTEP) has announced that the company will move forward to file an appeal to the Federal Court of Australia on the lawsuit about the Montara incident brought by a group of Indonesian seaweed farmers.
Referring to the class action lawsuit against PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AAA), which is the subsidiary of PTTEP, in the Federal Court of Australia brought by a group of Indonesian seaweed farmers, claiming damages to their seaweed crops caused by the 2009 Montara incident in the Australian waters.
On 19 March 2021, and 25 October 2021, the trial judge of the Federal Court of Australia delivered judgements in the class action. Final orders were made by the trial judge on 15 November 2021.
PTTEP announced that after careful consideration of the judgements, PTTEP AAA has exercised its right to appeal and today filed a Notice of Appeal in the Federal Court of Australia.
