8th Mar 2005 09:06
Global Petroleum Ltd08 March 2005 For immediate release 8 March 2005 Global Petroleum Limited Statement re price movement Global Petroleum Limited ("Global" or the "Company") today announces that itrecently received a letter from the regulator of the Australian Stock Exchange("ASX") regarding a substantial movement in the Company's share price and asubstantial increase in volume of the number of the Company's securities tradedon the ASX. In accordance with ASX listing requirements, both the initial letter and theCompany's response is required to be made public. In its response, the Companyconfirmed the following: 1. Global is not aware of any information concerning it that has notbeen announced to the market which if known could be an explanation for recenttrading in securities in the Company. Global advised on the 3 February that itintended to apply for admission to AIM. The reason for the admission was toexpose its emerging oil and gas activities to the London capital market. On 3March, the Company again released to the ASX market an announcement that itanticipated being admitted to AIM on 7 March; 2. Global has maintained its policy of keeping the market fully informed and any other explanation for its share price increase and increase involume traded may be due to the fact that the ASX market has anticipated itsadmission to the AIM market in the UK, yesterday 7 March 2005; 3. That it is in compliance with the ASX Listing Rules and in particular ASX Listing Rule 3.1. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Global Petroleum