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Global Petroleum

16:51 on 24/11/2017

Current Price 2.13p | Bid 2.00p | Ask 2.25p | Change 6.25%

Company Overview

Global Petroleum Limited is an Africa focused oil and gas exploration and development company with its principal projects located offshore Namibia and offshore Juan de Nova island, in the Mozambique Channel. The Company's business philosophy is to obtain early licence positions in frontier exploration areas, whether directly or through joint venture arrangements, in order to provide maximum leverage exploration success. Global Petroleum is dual listed on the Australian Securities Exchange and Alternative Investment Market of the London Stock Exchange. The Company's Namibian interests consist of an 85% participating interest in Petroleum Exploration Licence No. 0029 covering Offshore Blocks 1910B and 2010A, which lie adjacent to acreage held by Repsol and its partners. The blocks cover 11,730 square kilometres and are located in water depths ranging from 1,200 to 3,000 metres. The remaining interest in the licence is held as to 10% by National Petroleum Corporation of Namibia (Pty) Ltd and as to 5% by Bronze Investments Pty Ltd, both as carried interests. The acquisition of further seismic surveys is a key objective to ascertain both the extent of the structures already identified and to build up a greater subsurface understanding to optimise future drilling.

Stock Details

EPIC GBP
ISIN AU000000GBP6
Shares in Issue 201,814,085
Market cap £ 3.53m
Sector Oil & Gas Producers
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 30/06/2015

Turnover $0.00 million
Operating Profit $-4.54 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.78
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Key Personnel

Mark Savage Chairman

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Price Summary

Mid Price ? 2.13p
Bid Price ? 2.00p
Ask Price ? 2.25p
Volume ? 1021710
Change Today 0.13p
% Change Today 6.25%
Open 2.25p
Previous Close 2.13p
Intraday High 2.50p
Intraday Low 2.10p
52 Week High 2.25p
52 Week Low 1.38p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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