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Oct 27 (Reuters) - Lakes Oil Nl (LKO) : Judicial review of...

  1. senderos
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    27/10/16
    17:09
    Post #: 20174939
    Oct 27 (Reuters) - Lakes Oil Nl (LKO) :
    • Judicial review of Victorian Government decisions
    • Pre-Emptively refuse to consider or accept any application for approval to conduct petroleum exploration operations onshore in Victoria
    • Judicial review process involves consideration of whether minister has complied with law, in particular petroleum act 1998
    • Refuse to consider plaintiff's specific applications for approval to conduct petroleum exploration operations.
    • Minister's decisions have caused Lakes Oil to suffer massive losses, both by way of costs incurred by company and plaintiffs
    • Advises that its units filed an application in supreme court of Victoria seeking judicial review
    AJQ Price at posting: 7.6¢ Sentiment: Buy Disclosure: Not Held
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