Statement re: Press Comment

Global Petroleum Ltd
20 April 2005


20 April 2005

                            Global Petroleum Limited

                          ('Global' or 'the Company')

                          Statement re: press comment

Global Petroleum Limited, (AIM: GBP), the Australian-based oil and gas 
exploration company, makes the following comment in response to recent press 
coverage on drilling in deepwater acreage.

'The company notes a recent press article which refers to Global's 'venture in
Kenya' having 'just a 3% chance of success'. The world average commercial
success rate for drilling in deepwater acreage, with the advent of modern
technology, has been between 20%-25% over the last 10 years (source: Wood
Mackenzie).

On this basis alone, the reference to Kenya in the article may significantly
overstate the risk and understate the potential oil and gas value of Global's
20% shareholding in the Kenya project.

The costs associated with Global's 20% holding in Kenya Licences L5 & L7 are
carried for all activities through the drilling and testing of two wells by the
balance of the Joint Venture.'

Further information:

Global Petroleum Limited
Dr John Armstrong, Executive Chairman                       [phone]

Bell Pottinger Corporate & Financial
Nick Lambert                                               [phone]



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