Business
Annual Financial Report
Annual Financial Report.
About this update from Geo Exploration Limited
[{"type":"text","content":"\n \nRNS Number : 2220P Global Petroleum Ltd 30 September 2013 \n\n30 September 2013\n \nGlobal Petroleum Limited\n(\"Global\" or \"the Company\")\n \nAnnual Report\n \nGlobal Petroleum Limited (AIM: GBP, ASX: GBP), the oil and gas exploration company focused on southern Africa, announces that a copy of its latest Annual report is available on the Company's website www.globalpetroleum.com.au\n \nFor further information please contact:\n \n\n\n\n\nGlobal Petroleum Limited\n\n\n \n\n\n\n\nPeter Hill, Managing Director & CEO\n\n\n+44 (0)20 7495 6802\n\n\n\n\nDamien Cronin, Company Secretary\n\n\n+61 (0)7 3374 4270\n\n\n\n\n \n\n\n \n\n\n\n\nRFC Ambrian Limited\n(Nominated Adviser & Joint Broker)\n\n\n \n\n\n\n\nSarah Wharry\n\n\n+44 (0)20 3440 6800\n\n\n\n\n \n\n\n \n\n\n\n\nFirstEnergy Capital LLP\n(Joint Broker)\n\n\n \n\n\n\n\nHugh Sanderson / Travis Inlow\n\n\n+44 (0)20 7448 0200\n\n\n\n\n \n\n\n \n\n\n\n\nTavistock Communications\n(Financial PR & IR)\n\n\n \n\n\n\n\nSimon Hudson / Ed Portman\n\n\n+44 (0)20 7920 3150\n\n\n\n\n \nAbout Global Petroleum Limited\nGlobal Petroleum 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, either 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.\n \nThe Company's Namibian interests consist of an 85% participating interest in Petroleum Exploration Licence No. 0029 (\"the Licence\") 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 s...