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read the report.
Release Date: 07/11/16 10:04

• Summary: Tribunal Judgement Fully Support Gas2Grid
• Price Sensitive: Yes
• Download Document 95.73KB

7/11/16 (my post)
ST GRIEDE PERMIT – TRIBUNAL JUDGEMENT FULLY SUPPORTS GAS2GRID

Gas2Grid Limited (“Company”) is very pleased to announce that the Administrative Tribunal of Pau in France
has handed down a judgement last week that fully supports the Company as follows:

1. Annulment of the decision of the French Ministers made in September 2015 to refuse the renewal of St Griede permit;

2. Instruction to the Ministers to grant, within 30 days, a 5 year extension to the St Griede permit commencing from 3 November 2016;

3. A penalty, to the French Government, of Euros 3,000 for each day that the grant of the permit extension is delayed.

a nice compo deal to fund the Philippines operation would be a great outcome here I think.

glta


from 3rd Nov. to date
say 90 days x eu3000 = AU$350k