Business
Sale of Shares
Sale of Shares.
About this update from Geo Exploration Limited
[{"type":"text","content":"\n Global Petroleum Ltd\n29 April 2008\n\n\n29 April 2008\n\n\nRNS AIM release\n\n\n SALE OF FALKLAND OIL & GAS LIMITED SHARES\n\n Global Petroleum Limited (the 'Company')\n\n\nGlobal Petroleum Limited advises that it has disposed of a significant parcel of\nFalkland Oil & Gas Limited ('FOGL') shares. The Company has sold 10,425,000\nshares, representing 11.29% of the FOGL shares in issue, realising approximately\nA$24.3M. The Company now holds 1,710,000 shares in FOGL representing 1.85%.\n\n\nThe Company now has approximately A$34.6M in cash. The increased working capital\nwill enable the Company to progress its existing projects as well as seek other\nopportunities for acquisitions, joint ventures, or investments in the resources\nsector.\n\n\n\n\nFor more information please contact:\n\n\nGlobal Petroleum Limited Tel +1 505 344 2822\nMark Savage, Chairman Fax +1505 344 2922\n Email [email protected]\n\nBlue Oar Securities Plc (Nominated Adviser and Broker) Tel 020 7418 4400\nRhod Cruwys\nJerry Keen\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1556,"tagName":"div"}]