GGX 0.00% 0.1¢ gas2grid limited

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

  1. 3,215 Posts.
    read the report.
    Release Date: 07/11/16 10:04


    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
    Last edited by delboy007: 31/01/17
 
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