Global Petroleum Ltd
29 April 2008
29 April 2008
RNS AIM release
SALE OF FALKLAND OIL & GAS LIMITED SHARES
Global Petroleum Limited (the 'Company')
Global Petroleum Limited advises that it has disposed of a significant parcel of
Falkland Oil & Gas Limited ('FOGL') shares. The Company has sold 10,425,000
shares, representing 11.29% of the FOGL shares in issue, realising approximately
A$24.3M. The Company now holds 1,710,000 shares in FOGL representing 1.85%.
The Company now has approximately A$34.6M in cash. The increased working capital
will enable the Company to progress its existing projects as well as seek other
opportunities for acquisitions, joint ventures, or investments in the resources
sector.
For more information please contact:
Global Petroleum Limited Tel +1 505 344 2822
Mark Savage, Chairman Fax +1505 344 2922
Email marksavage@comcast.net
Blue Oar Securities Plc (Nominated Adviser and Broker) Tel 020 7418 4400
Rhod Cruwys
Jerry Keen
This information is provided by RNS
The company news service from the London Stock Exchange