GBP 0.00% 3.2¢ global petroleum limited

Global petroleum Limited- still alive

  1. 2,099 Posts.
    Good to see that GBP is still active in the background,two ASX announcements today.


    GLOBAL PETROLEUM LIMITED




    • Expands exploration focus with new QLD Applications

      Document date: Wed 18 Sep 2002 Published: Wed 18 Sep 2002 12:53:41
      Document No: 223336 Document part: A
      Market Flag: N
      Classification: Progress Report
      GLOBAL PETROLEUM LIMITED 2002-09-18 ASX-SIGNAL-G

      HOMEX - Perth

      +++++++++++++++++++++++++

      Emerging Brisbane-based oil and gas company, Global Petroleum
      Limited, has announced plans to include Australian acreage in its
      exploration portfolio.


      Global announced today that it had applied for a number of areas,
      totalling some 10,000 square kilometres, in the Surat Basin in
      Queensland, under the Queensland Petroleum Act 1923.


      The Company's previously announced petroleum exploration assets are
      in Kenya, Montenegro, the Falkland Islands and Fiji.


      "The Australian blocks we have applied for are all located in
      reasonable proximity to known Queensland oil and gas fields and
      associated pipeline infrastructure," Global's Executive Chairman, Dr
      John Armstrong, said today.


      "This would facilitate early production and returns from any
      successful exploration," he said.


      Dr Armstrong said the applications were part of a process Global
      had commenced to assess conventional oil and gas opportunities in
      established petroleum producing regions in Queensland.


      "We plan to continue to seek involvement in other Queensland-based
      oil and gas projects with a view to generating early cash flow for
      the Company," he said.


      Global currently has a Supplementary Prospectus in the market, with
      plans to join the ASX lists next month and to commence exploration in
      the December quarter.


      The Supplementary Prospectus is for a minimum of $2 million with an
      allowance for oversubscriptions of $1 million, based on the issue of
      8 million shares at $0.25 cents each.


      The Offer's closing date is 30 September.


      FOR FURTHER INFORMATION: Please Contact
      Dr John Armstrong Global Petroleum Limited
      (07) 3211 1122/0408 824 370
      Kevin Skinner Field Business Services
      (08) 8232 1355/0414 822 631


    • Progress Report - Kenya Document date: Wed 18 Sep 2002 Published: Wed 18 Sep 2002 13:17:18 Document No: 223337 Document part: A Market Flag: N Classification: Progress Report GLOBAL PETROLEUM LIMITED 2002-09-18 ASX-SIGNAL-G

      HOMEX - Perth

      +++++++++++++++++++++++++


      The operator of the 4 Kenya blocks, in which Global Petroleum Limited
      has a 20% interest, and where the operator has identified numerous
      "prospects", has issued a preliminary budget for next year which
      includes seismic. The operator is investigating the availability of
      contractors to record the seismic surveys in the first quarter of
      2003. If this can be done, it could advance to an earlier time the
      drilling that is presently planned in these areas for late 2004.


      B Clarke
      COMPANY SECRETARY


 
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