Global Petroleum Ltd Re: Appointment of Advisor (7083R)
November 09 2021 - 01:00AM
UK Regulatory
TIDMGBP
RNS Number : 7083R
Global Petroleum Ltd
09 November 2021
9 November 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via a Regulatory Information
Service ('RIS'), this inside information is now considered to be in
the public domain.
Global Petroleum Limited
("Global" or "the Company")
Re: Appointment of Advisor
Global Petroleum Limited (AIM: GBP) announces that it has
appointed an advisor, PVE Consultants, to assist in the farmout of
its Licence PEL 0094, offshore Namibia.
Global will also be making a presentation regarding PEL 0094
later this week at the Africa Oil Week Conference in Dubai, and a
copy of the presentation will be available on the Company's website
thereafter.
In the course of the farmout process which the Company has been
conducting for PEL 0094, it has become evident that potentially
interested parties are awaiting the outcome of the drilling
programme in Namibia's Orange Basin, to be undertaken by the energy
majors, Total (Venus-1) and Shell (Graff-1). Both wells were
reportedly scheduled to spud in Q4 2021, although no firm dates are
currently known.
Peter Hill, Global Petroleum's CEO, commented:
" Given the feedback which we have had from the energy industry
with regard to the upcoming drilling by Total and Shell, we feel
that it would be advantageous for the Company to be positioned in
the market with the assistance of an experienced advisor over the
upcoming period, and we are pleased to have PVE Consultants on
board for that purpose."
For further information please visit: www.globalpetroleum.com.au
or contact:
+44 (0) 20 3875
Global Petroleum Limited 9255
Peter Hill, Managing Director & CEO
Andrew Draffin, Company Secretary
Panmure Gordon (UK) Limited (Nominated Adviser +44 (0) 20 7886
& Joint Broker) 2500
Hugh Rich / Nick Lovering / Ailsa MacMaster
Nominated Adviser: John Prior
ETX Capital (Joint Broker) +44 (0) 20 7392
Thomas Smith 1568
Tavistock (Financial PR & IR) +44 (0) 20 7920
Simon Hudson / Nick Elwes 3150
-ends-
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END
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