REG - Global Petroleum Ltd - Update - Italy

Global PetroleumAnnouncement

15/09/2023 16:45

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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:

 

 Global Petroleum Limited                        +44 (0) 20 3 875 9255
 Peter Hill, Managing Director & CEO

 Andrew Draffin, Company Secretary

 Panmure Gordon (UK) Limited (Nominated Adviser  +44 (0) 20 7886 2500

 & Joint Broker)
 John Prior / Freddie Twist

 Corporate Broking: Hugh Rich

 CMC Markets (Joint Broker)                      +44 (0) 20 7170 8200

 Tom Curran/Thomas Smith

 Tavistock (Financial PR & IR)                   +44 (0) 20 7920 3150

 Simon Hudson / Nick Elwes

 

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