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Pin to quick picksGlobal Petroleum Share News (GBP)

Share Price Information for Global Petroleum (GBP)

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Share Price: 0.08
Bid: 0.075
Ask: 0.085
Change: -0.0025 (-3.03%)
Spread: 0.01 (13.333%)
Open: 0.0825
High: 0.0825
Low: 0.0725
Prev. Close: 0.0825
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Global Petroleum Says Permit Appeal Referred To European Court

Thu, 20th Feb 2020 16:43

(Alliance News) - Global Petroleum Ltd said on Thursday that the Italian Council of State has referred the environmental permit grant appeal made by the region of Puglia to the European Court.

In May 2019, the oil & gas company noted several appeals by 12 parties against environmental permits granted by the Administrative Tribunal in Rome. All the appeals were rejected by the court in Rome except one.

In July 2019, Global Petroleum said that appeals had been submitted to the Council of State - the highest level of appeal in the country.

On Wednesday, the company said that the appeals were heard by the Council of State on January 23 and have now been referred to the European Court, requesting the court to rule whether whether the four exploration licence applications granted contravene a relevant EU directive relating to the maximum permissible size of individual permits.

The company believes the further appeal by Puglia to the Council of State to be without merit, and is particularly surprised by the referral to the European Court, Global Petroleum said.

The stock closed 3.5% lower at 1.40 pence each on Thursday afternoon in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Global Petroleum agrees extension on offshore Namibia licence

(Sharecast News) - Global Petroleum announced on Wednesday that, in connection with licence PEL0094, or Block 2011A, offshore Namibia, the Namibian Ministry of Mines and Energy has agreed to extend the licence sub-period from September 2020 to September 2021.

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Global Petroleum updates resource estimate at offshore Namibia block

(Sharecast News) - Global Petroleum announced ab updated estimate of prospective resources for PEL0094, or 'Block 2011A', offshore Namibia on Monday, after interpretation of the 3D seismic data survey recently licensed from the Namibian state oil company Namcor, which also holds a carried interest of 17% in the licence.

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