Global Petroleum Ltd Update - Italy (6631M)
16 September 2023 - 1:30AM
UK Regulatory
TIDMGBP
RNS Number : 6631M
Global Petroleum Ltd
15 September 2023
15 September 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Global Petroleum Limited
("Global" or "the Company")
Update - Italy
Further to the Company's Announcement of 13(th) September 2023,
Global has now been advised that the recent judgements by the
Council of State, dismissing the appeals against the environmental
decrees granted in its favour by the Italian authorities, also
encompassed its permit applications D 80 F.R GP and D 81 F.R GP,
which were added to the appeal at a later stage.
This means that the Council of State has dismissed the appeals
by the town of Margherita di Savoia in respect of all four of
Global's applications: D 80 F.R- GP, D 81 F.R-GP, D 82 F.R-GP and D
83 F.R-GP ("Applications").
As previously indicated, the Company submitted further
documentation in connection with the Applications some months ago
to the Italian Ministry of Ecological Transition ("Ministry") and
has been awaiting further dialogue with the Ministry regarding the
process going forward.
Once this process is complete, the Company will assess its
options in relation to the Applications and make a further
announcement accordingly.
For further information please visit: www.globalpetroleum.com.au
or contact:
+44 (0) 20 3 875
Global Petroleum Limited 9255
Peter Hill, Managing Director & CEO
Andrew Draffin, Company Secretary
Panmure Gordon (UK) Limited (Nominated Adviser +44 (0) 20 7886
& Joint Broker) 2500
John Prior / Freddie Twist
Corporate Broking: Hugh Rich
CMC Markets (Joint Broker) +44 (0) 20 7170
Tom Curran/Thomas Smith 8200
Tavistock (Financial PR & IR) +44 (0) 20 7920
Simon Hudson / Nick Elwes 3150
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END
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