(Alliance News) - Global Petroleum Ltd on Monday said it was working with its shareholder, who asked for the removal of the company's chief executive, chair, and a non-executive director. Read More
(Alliance News) - Global Petroleum Ltd shares plunged on Friday, despite reporting annual profit narrowing, as cash reserves have fallen significantly across the year. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Global Petroleum Ltd - Africa and Mediterranean focused oil and gas explorer - Says the recent judgements by the Italian Council of State dismissing appeals against environment decrees granted in its favour also encompassed its permit applications D 80 F.R GP and D 81 F.R GP. Explains this means that the Council of State has dismissed appeals by the town of Margherita di Savoia in respect of all four of Global's applications: D 80 F.R- GP, D 81 F.R-GP, D 82 F.R-GP and D 83 F.R-GP. Company will now assess its options regarding the applications. Read More
Global Petroleum Ltd - Africa and Mediterranean focused oil and gas explorer - Says appeals against the environmental decrees granted in its favour by the Italian authorities have recently been dismissed by the Council of State. Explains the actions were brought by the municipality of Margherita di Savoia in Puglia against the relevant Italian ministries and entities - with Global joined as an "interested party" - and related to the company's applications known as d 82 FR-GP and d 83 FR-GP. Adds there are two similar cases still outstanding, and the same outcome is expected in relation to them. Notes the latest judgements in Global's favour follow victories in all of the cases brought against the company by various entities in Puglia. Points out the ruling allows Global to pursue with the Italian authorities the grant of exploration permits in relation to d 82 FR-GP and d 83 FR-GP. Read More
Global Petroleum Ltd - Africa and Mediterranean focused oil and gas explorer - Raises GBP250,000 via placing of 250 million shares at 0.1 pence per share. The placing price represents a discount of 38% to the closing price on Wednesday. Further, 250 million warrants are also being issued at an exercise price of 0.1 pence each for a period of 3 years on the basis of 1 warrant for every share issued under the placing. Should the warrants be exercised in full, associated proceeds would be GBP250,000, making total proceeds of GBP500,000. Proceeds will be used for further technical work in relation to PEL 94, as previously announced, as well as providing general working capital. Read More
Global Petroleum Ltd - Africa and Mediterranean focused oil and gas explorer - Receives approval from the Namibian Ministry of Mines & Energy for the next licence phase of Walvis Basin PEL 94. Says the first renewal period for the licence will allow it to acquire, process and interpret 2,000 kilometres of 3D seismic data from the initial exploration period. Adds that the renewal period will last from this September to September 2025. Notes that the ministry has waived the requirement to relinquish 50% of the licence area at the end of the initial exploration period. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Global Petroleum Ltd - oil & gas exploration in Africa and the Mediterranean - Pretax loss in the year that ended June 30 narrows to USD1.6 million from USD3.9 million a year ago. Posts no revenue, unchanged year-on-year. Has no costs related to exploration write-offs, compared to USD2.4 million a year prior. Read More
Global Petroleum Ltd - oil & gas exploration in Africa and the Mediterranean - Raises GBP800,000 through a placing of 228.6 million shares at a price of 0.35 pence each. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Global Petroleum Ltd - oil & gas exploration in Africa and the Mediterranean - Says Namibian authorities have granted a one-year extension to the initial exploration period of PEL 94 well, to September 2023 from September 2022. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News: Read More
IN BRIEF: Tower Resources, Global Petroleum encouraged by Graff-1 Read More
UK shareholder meetings calendar - next 7 days Read More
IN BRIEF: Global Petroleum gets positive court decision for permits Read More
IN BRIEF: Global Petroleum brings in advisor for Namibia farmout Read More