Global set for new start under the “Dan and Cecilia” team
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
Global Petroleum
Minnow extends Namibia licence
In March, Global said the Marula prospect may contain 411 million barrels, under an unrisked gross prospective resource. Welwitschia Deep may hold 881mn barrels.
Eco firms up Azinam deal amid Graff fervour
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.
Global targets farmout of Namibian stakes
Australian firm Global Petroleum said today that it is preparing to kick-start the process of farming out stakes in two of its blocks offshore Namibia.
Seabird picked for survey off Namibia
Global Petroleum has struck a deal with Seabird Exploration to buy 834-kilometres worth of 2D seismic data covering a Namibian licence. The survey will provide London and Brisbane-based Global Petroleum with more detail on the Gemsbok prospect. The survey will start late June or early July and take about two weeks to complete.
Director resigns from Global Petroleum board
Global Petroleum said one of its non-executive directors has resigned from its board.
Global Petroleum extends in Namibia
Global Petroleum's subsidiary Jupiter Petroleum has agreed with the Namibian authorities a two year renewal for petroleum exploration licence 29, which covers two blocks, 1910B and 2010A, in the Walvis Basin offshore Namibia.
Global Petroleum pulls out of Mozambique permit
Global Petroleum has chosen to withdraw from Juan De Nova Permit in the Mozambique Channel. The decision was taken as a result of slow progress in approval of an application for an extension two years ago. The company said there had been “no visibility” as to when a formal decision would be taken.
Global Petroleum says it is well-placed to “profit from the new market realities”
Australian oil and gas, upstream exploration company Global Petroleum today reports a widening of first half pre-tax losses to £1.54million. The latest trading deficit comes after losses of just over £1million a year earlier.
Global Petroleum extends Namibian licence
Global Petroleum has extended its Namibian exploration licence until the end of this year. At its annual general meeting in Brisbane in November 2014, it was agreed with the Namibian Ministry of Mines and Energy that the licence for the work program will now be valid until December. The news comes amid the fall in oil price, which Global Petroleum has "vindicated the its strategy of being selective in adding to its portfolio".