Global Petroleum Limited
Key information
Key information
Sector
Oil and Gas
Close date
Delivery
Selling price
Last price
Discount
0.06p
0.105 p
42 %
Use of proceeds
The primary purpose of the Fundraise is to ensure that the liabilities in relation to the obligations of the Company's Walvis Basin licence PEL94 are completed to pre-agreed timelines set by the Namibia Government, as the directors now believe them to be. The funding will also allow us to have further working capital as we begin to look at other exciting opportunities within the sector which I am keen to integrate as part of Global's portfolio of assets with this process starting shortly. Delivering long term shareholder value is fundamental for us as a new board.
Company announcement
https://www.londonstockexchange.com/news-article/GBP/funding-update/16230682
Legal information
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