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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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15 Mar 2019 11:47

Global Petroleum Interim Loss Narrows Slightly As Costs Fall

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Global Petroleum agrees work commitment on Namibian licence

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Global Petroleum Agrees Phase 3 Work Commitment For Namibia Licence

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15 Feb 2019 09:59

Global Petroleum reassures shareholders over Italy hydrocarbons review

(Sharecast News) - Global Petroleum updated shareholders on Friday, following the Italian government's proposed suspension of all hydrocarbon exploration activities, including permit applications , for a period of 18 months.

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10 Dec 2018 11:33

Global Petroleum Buttressed By Rejection Of Further Appeals In Italy

LONDON (Alliance News) - Global Petroleum Ltd on Monday reported the rejection of six further appeals made against approvals granted to the company's applications in Italy.The company a

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30 Nov 2018 15:53

Global Petroleum upbeat after Rome tribunal rejects two appeals

(Sharecast News) - Global Petroleum announced on Friday that two appeals against the Environmental Decrees for its applications in the Southern Adriatic had been rejected by the Administrative Tribunal In Rome.

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30 Nov 2018 12:26

Global Petroleum Reports Rejection Of Appeals Against Italian Decrees

LONDON (Alliance News) - Global Petroleum Ltd on Friday reported rejection of appeals against two environmental approvals granted to the company's applications in Italy.The company said

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Global Petroleum Ends Farm-In Arrangement With Stellar Energy Advisors

LONDON (Alliance News) - Global Petroleum Ltd on Monday said it terminated its farm-out arrangement with Stellar Energy Advisors Ltd regarding an exploration licence in Namibia.Shares in at

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2 Oct 2018 12:59

Global Petroleum remains confident of Namibian asset's value

(Sharecast News) - Global Petroleum told investors on Tuesday that it had been encouraged by results from a recent study on the viability of its offshore Namibia oil portfolio.

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Global Petroleum Encouraged By Testing At Nearby Namibian Prospect

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26 Sep 2018 13:32

Global Petroleum Loss Widens As It Continues Exploration Activities

LONDON (Alliance News) - Oil exploration company Global Petroleum Ltd on Wednesday reported a wider annual loss as it continues to monitor further exploration opportunities.Global pretax in

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