REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlobal Petroleum Share News (GBP)

Share Price Information for Global Petroleum (GBP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
GBP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

More News
19 Sep 2018 14:54

Global Petroleum to acquire offshore Namibia block

(Sharecast News) - Global Petroleum has signed a petroleum agreement to acquire Block 2011A offshore Namibia, it announced on Wednesday.

Read more
19 Sep 2018 13:04

Global Petroleum Buys 85% Stake In Block 2011A, Plans Reprocessing

LONDON (Alliance News) - Global Petroleum Ltd on Wednesday said it has signed a petroleum agreement to acquire an 85% interest in block 2011A, offshore Namibia.The state oil company, Corp a

Read more
14 Mar 2018 12:15

Global Petroleum First Half Loss Flat As It Works On Namibia Blocks

LONDON (Alliance News) - Global Petroleum Ltd on Wednesday reported a broadly flat annual loss for its first half, as it progressed on its exploration project in company's

Read more
1 Nov 2016 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Read more
29 Apr 2016 09:58

Global Petroleum Continues Application Process For Offshore Italy

Read more
11 Mar 2016 08:43

Global Petroleum To Continue Watch On Spending As Loss Narrows

Read more
29 Jan 2016 10:58

Global Petroleum Eyes Acquisitions But Will Be "Extremely Selective"

Read more
16 Nov 2015 16:37

AGM, EGM Calendar - Week Ahead

Read more
12 Nov 2015 09:58

Global Petroleum Secures Two Year Extension For Namibia Licence

Read more
28 Sep 2015 10:53

Global Petroleum To Capitalise On Market Downturn As Loss Narrows

Read more
31 Jul 2015 08:42

Global Petroleum Work On Namibian Blocks "Nearing Completion"

Read more
24 Jul 2015 11:16

LONDON MARKET MIDDAY: FTSE 100 Withstands Concern About China

Read more
24 Jul 2015 09:30

WINNERS & LOSERS SUMMARY: Vodafone Up After "Good Start To The Year"

Read more
24 Jul 2015 08:06

Global Petroleum Has Cash To Progress Assets And Acquire More (ALLISS)

Read more
29 Apr 2015 11:16

Global Petroleum To Appeal On Juan De Nova Permit Renewal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.