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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
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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 Applies For Offshore Italian Exploration Areas

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31 Mar 2014 08:50

DIRECTOR DEALINGS: Global Petroleum Chairman Buys 530,000 Shares

LONDON (Alliance News) - Global Petroleum Limited PLC Monday said Chief Executive Officer Peter Hill bought 530,000 shares at a price of 6.46 pence per share Friday. Following this transaction, Hill now holds 710,000 shares, which represents 0.35% of the company's issued share capital.

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Global Petroleum Swings Back To Loss, Costs Increase

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