Share Search
Visit the Share Search
You are here:
Global Petroleum makes progress in Namibia as litigation continues in Italy
29th Oct 2019 15:46
(Sharecast News) - Global Petroleum updated the market in the quarter ended 30 September on Tuesday, reporting that in Namibia, it had continued to carry out interpretation of the existing data in PEL 0094.
The AIM-traded firm said further contacts were made with counterparties in relation to a potential farm-out of PEL 0094 and PEL 0029 during the period.
In Italy, during the quarter, the company said that the Rome Tribunal had rejected the sole outstanding appeal against the environmental decrees for its applications by the town of Trani, in relation to d82 F.R-GP and d83 F.R-GP, with an award of costs against the appellant.
"This means that all first instance appeals made to the Rome Tribunal have been adjudicated in Global's favour," the board said in its statement.
It added that the Italian region of Puglia made additional appeals to the Council of State - the highest level of appeal in Italy - against the judgements of the Rome Tribunal in relation to the firm's other two applications, d80 F.R-GP and d80 F.R-GP.
Puglia had previously made appeals against the judgements in relation to applications d82 F.R-GP and d83 F.R-GP.
"All of the appeals made by Puglia are to be heard by the Council of State in January 2020," the board confirmed.
The AIM-traded firm said further contacts were made with counterparties in relation to a potential farm-out of PEL 0094 and PEL 0029 during the period.
In Italy, during the quarter, the company said that the Rome Tribunal had rejected the sole outstanding appeal against the environmental decrees for its applications by the town of Trani, in relation to d82 F.R-GP and d83 F.R-GP, with an award of costs against the appellant.
"This means that all first instance appeals made to the Rome Tribunal have been adjudicated in Global's favour," the board said in its statement.
It added that the Italian region of Puglia made additional appeals to the Council of State - the highest level of appeal in Italy - against the judgements of the Rome Tribunal in relation to the firm's other two applications, d80 F.R-GP and d80 F.R-GP.
Puglia had previously made appeals against the judgements in relation to applications d82 F.R-GP and d83 F.R-GP.
"All of the appeals made by Puglia are to be heard by the Council of State in January 2020," the board confirmed.