29th Apr 2008 11:38
Global Petroleum Ltd29 April 2008 29 April 2008 RNS AIM release SALE OF FALKLAND OIL & GAS LIMITED SHARES Global Petroleum Limited (the "Company") Global Petroleum Limited advises that it has disposed of a significant parcel ofFalkland Oil & Gas Limited ("FOGL") shares. The Company has sold 10,425,000shares, representing 11.29% of the FOGL shares in issue, realising approximatelyA$24.3M. The Company now holds 1,710,000 shares in FOGL representing 1.85%. The Company now has approximately A$34.6M in cash. The increased working capitalwill enable the Company to progress its existing projects as well as seek otheropportunities for acquisitions, joint ventures, or investments in the resourcessector. For more information please contact: Global Petroleum Limited Tel +1 505 344 2822Mark Savage, Chairman Fax +1505 344 2922 Email [email protected] Blue Oar Securities Plc (Nominated Adviser and Broker) Tel 020 7418 4400Rhod CruwysJerry Keen This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Global PetroleumFOGL.L