9th Nov 2021 14:22
Global Petroleum Ltd - oil & gas exploration in Africa and Mediterranean - Hires PVE Consultants as an advisor for the farmout of licence PEL 0094 offshore Namibia. Global Petroleum is presenting about the licence at the Africa Oil Week Conference in Dubia this week, but says farmout discussions so far have shown that potentially interested parties are awaiting the outcome of the drilling programme in Namibia's Orange Basin that is being conducted by oil majors TotalEnergies SE and Royal Dutch Shell PLC. Global Petroleum says the two wells being drilled by Total and Shell reportedly are scheduled to spud in the fourth quarter of this year, and it wants to be "positioned in the market with the assistance of an experienced advisor over the upcoming period".
Current stock price: 0.51 pence, down 2.9% on Tuesday
Year-to-date change: down 42%
By Tom Waite; [email protected]
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