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Global Petroleum Ltd Ord NPV (GBP)

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13-Mar-2020 07:59 AM

Global Petroleum losses narrow; testing of wells in Namibia to continue

Energy company Global Petroleum reported narrower first-half losses and said testing of wells in Namibia would continue as the company looked forward to finding a farm-out partner to fund future operations. For the six months to 31 December 2019, pre-tax
19-Jan-2018 07:34 AM

Global plans farm-out of Namibian blocks

Global Petroleum said it would shortly commence a structured farm-out process following the publication of the competent person's report by AGR TRACS on Namibian blocks 1910B and 2010A. Global - which holds an 85% working interest in the licence, an
15-Jan-2018 07:48 AM

Global delighted by CPR on Namibian blocks

Global Petroleum said the recently commissioned competent person's report on its Namibian blocks 1910B and 2010A (licence PEL0029) has now been completed by independent consultants AGR TRACS International. It said prospective resources have been c
24-Nov-2017 08:24 AM

Global unit granted Namibia licence extension

Global Petroleum's wholly-owned subsidiary, Jupiter Petroleum (Namibia) Limited, has agreed with the Namibian Ministry of Mines and Energy an extension to the first renewal exploration period (phase 2) of 12 months to 3 Dec 2018 for petroleum explor
18-Oct-2017 09:17 AM

Global encouraged by Namibia seismic results

Global Petroleum said it was most encouraged by the results of the new 2D seismic in Namibia which had significantly de-risked its acreage. The company said it was currently negotiating an extension of its Licence with the Namibian authorities, which wa
11-Oct-2017 02:28 PM

Global Petroleum schedules AGM

Global Petroleum has confirmed that the Company intends to hold its Annual General Meeting on 14 November. At 2:28pm: (LON:GBP) Global Petroleum Ltd share price was 0p at 1.88p Story provided by StockMarketWire.com...
20-Sep-2017 09:51 AM

Global Petroleum losses narrow

After-tax losses at Global Petroleum fell to $1,856,463 in the year to the end of June - down from $2,336,513 in 2016. Cash balances at 30 June amounted to US$7,807,605 compared with $10,172,598 last time. The group has no debt. Looking ahead, a sta
08-Jun-2017 07:37 AM

Global awards contract for seismic survey

Global Petroleum has entered into a contract with Seabird Exploration in order to acquire 834 km of full fold 2D seismic data covering Global's operated block (PEL 0029) in Namibia. Global said: "WThe survey has been designed as an infill progr
29-Sep-2016 07:54 AM

Global Petroleum losses narrow

Global Petroleum posts a loss after tax of US$2,336,513 for the six months to the end of June - down from a loss of US$4,469,837 last time. Cash balances at 30 June amounted to US$10,172,598 (2015: US$12,707,727). The group has no debt. The company
29-Apr-2016 09:25 AM

Global gives quarterly update

Global Petroleum has issued a quarterly report for the three months to the end of March. It says: "The company's petroleum exploration licence covering two blocks, 1910B and 2010A in the Walvis Basin offshore Namibia, has been extended by the N
11-Mar-2016 07:31 AM

Global losses narrow

Global Petroleum posts an after-tax loss of USD1,287,728 for the six months to the end of December compared with a loss of USD2,317,830 last time. Cash balances at 31 December 2015 amounted to USD11,391,676 (30 June 2015: USD12,707,727). The Group has
29-Apr-2015 09:27 AM

Global evaluation of Namibia blocks nears completion

Global Petroleum says a new evaluation of the deeper petroleum potential across Blocks 1910B and 2010A in Namibia is nearing completion. Global says the results are encouraging in that the primary risk which is associated with source rock development ha
11-Mar-2015 08:35 AM

Global Petroleum after-tax losses rise

Global Petroleum posts an after-tax loss of $2,317,830 for the six months to the end of December - up from $1,530,789 a year ago. Cash balances at 31 December amounted to US$14,218,976 (30 June: US$16,608,591). The group has no debt. Chairman John van d
31-Oct-2014 08:16 AM

Global continues to appraise new opportunities

Global Petroleum continues to appraise a wide range of potential new opportunities and is expending intensive effort to meet its priority of significantly growing the company's portfolio. The company summarises its quarterly report for the period
04-Sep-2014 08:08 AM

Global unit's Namibia licence extended

Global Petroleum subsidiary Jupiter Petroleum (Namibia) has agreed a 12-month extension for the initial exploration pperiod of its Petroleum Exploration Licence No. 29 with the Namibian Ministry of Mines and Energy. The licence - which covers two bloc
16-Jun-2014 08:02 AM

Global remains optimistic over Namibian blocks

Global Petroleum remains optimistic about the potential of its Namibian blocks after noting that its partners in the Welwitschia-1A well have decided to plug and abandon the well. The Welwitschia-1A well was drilled to a depth of 2,454m in block 2011A, a
30-Apr-2014 08:29 AM

Global Petroleum gives update

Global Petroleum has issued a quarterly report for the period ending 31 March which included John van der Welle's appointment as non-executive chairman, adding extensive industry and corporate experience to the board. Operational: · In li
12-Mar-2014 09:11 AM

Global Petroleum pre-tax losses rise

Global Petroleum posts pre-tax losses of $1.6m for the six months to the end of December - up from $1.2m last time. Global said expenditure increased slightly during period reflecting the company's commitment to seek new acquisition opportunities.
10-Feb-2014 08:08 AM

Global Petroleum appoints chairman

Global Petroleum has appointed John Alexander van der Welle as non-executive chairman with immediate effect. van der Welleis a chartered accountant with 30 years' experience in the oil and gas industry and is currently a non-executive director of
10-Feb-2014 08:01 AM

Global reports progress on Italy permits

Global Petroleum reports significant progress on its four applications offshore Italy. The company - which is presently focused on emerging plays in Africa - says the over the course of the past year, the board has reviewed a number of prospective areas
31-Jan-2014 07:55 AM

Global talks over Juan de Nova Est continue

Global Petroleum says talks with French authorities to renew the Juan de Nova Est permit for a five year term are ongoing. If renewal is granted, Global will become the operator and will hold an increased 50% equity interest in the permit. The company
12-Dec-2013 08:00 AM

Global gives update on Namibia farm down

Global Petroleum has issued an update on the proposed farm down of the company's 85% participating interest in a licence covering offshore blocks 1910B and 2010A in Namibia. The blocks are located in the Walvis Basin, cover 11,730 square kilometre
20-Nov-2013 08:43 AM

Global Petroleum resolutions passed at AGM

Global Petroleum has confirmed that all resolutions proposed at its annual general meeting today (20 November) were passed. At 8:43am: (LON:GBP) Global Petroleum Ltd share price was +0.01p at 5.13p Story provided by StockMarketWire.com...
31-Oct-2013 09:00 AM

Global continues to review acquisitions and JVs

Global Petroleum's board continues to review opportunities for acquisitions, joint ventures, or investments in the upstream petroleum sector. Global says a number of new opportunities were assessed during the quarter to the end of September and the
17-Oct-2013 09:16 AM

Global Petroleum schedules AGM

Global Petroleum will hold its annual general meeting at the Endeavour 1 Room, Level 1, Christie Centre, Corner of Wharf and Adelaide Streets, Brisbane, Queensland, on 20 November at 11 a.m. (EST). At 9:16am: (LON:GBP) share price was +0.01p at 5.13p
 
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