9th Oct 2024 14:16
Global Petroleum Ltd - Africa and Mediterranean-focused oil and gas company - Announces the completion of the airborne geophysical survey at its Juno project in Western Australia. Global says the survey has acquired high-resolution geophysical data which will improve its understanding of the subsurface geology and help identify specific areas for further activity, such as drilling. It expects results to be available before the end of the current quarter.
Global notes it has extended its loan agreement with Chief Executive Officer Omar Ahmad to September 30 2025. It says the loan extension will ensure the allocation of capital to both its Juno project and Namibian farm-in.
Current stock price: 0.28 pence, down 1.8% on Wednesday afternoon in London
12-month change: doubled from 0.14p
By Lydia Doye, Alliance News news reporter
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