Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

IN BRIEF: Global Petroleum granted one year extension by Nambia

25th Apr 2022 20:21

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.

Chief Executive Officer Peter Hill comments: "We would like to convey our thanks to the Ministry of Mines & Energy in Namibia for granting the one year extension to the Initial Exploration Period of PEL 94. This, taken together with the Graff and Venus discoveries, gives Global significantly increased optionality in relation to its future plans for PEL 94."

Current stock price: 0.63 pence

12-month change: down 2.5%

By Arvind Bhunjun; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

FTSE 100 Latest
Value7,952.62
Change20.64