Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Geo Exploration Limited
[{"type":"text","content":"\n RNS Number : 7463T Global Petroleum Ltd 11 June 2009 \n \nPRICE MOVEMENT AND UPDATE ON ITI-1 DRILLING OPERATIONS\n\nGlobal Petroleum Limited ('Global' or 'the Company') notes the movement in both the price of the Company's shares and those of Tower Resources plc ('Tower').\n\nGlobal draws its shareholders' attention to Tower's announcement that the Iti-1 well, Tower's first exploration well in Uganda Licence EA5, in which Global is earning up to a 50% interest, has reached total depth of 592 meters in basement. Electric logging operations, including wireline formation pressure and fluid sampling are underway and the outcome of the well cannot be determined until interpretation of this information has been completed. An announcement will be made as soon as clear results have been obtained.\n\n\nEnquiries: \n\nGlobal Petroleum Limited\nShane Cranswick + 61 8 9322 6322\n [email protected]\n\nBlue Oar Securities Plc (Nominated Adviser and Broker)\nWilliam Vandyk &nbs...