Global Petroleum Limited

Global Petroleum Limited is an oil and gas, upstream exploration company presently focused on Africa and the Mediterranean.
Deal price
0.06p
Discount of 42 %
Last Price 0.105p p

Key information

Key information

Sector

Oil and Gas

Close date

Delivery

Placing price

Last price

Discount

Amount raised

0.06p

0.105 p

42 %

£253,000

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.

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