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(GBP.L) Global Petroleum Ltd Buy/Sell
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| Date/Time | Headline | Source |
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| 30-10-09 | RNS |
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RNS Number : 6506B Global Petroleum Ltd 30 October 2009 30 October 2009 RNS AIM release Global Petroleum Limited - September 2009 Quarterly Report Uganda EA5 Prospect During the quarter, Tower advised that that it has concluded a detailed evaluation of information from Iti-1, the first well in Exploration Area 5 in Uganda (see release dated 22 September 2009). Global is currently reviewing its position in regard to its participation in drilling a second well in light of the revised conclusions and will announce its decision in due course. Leighton Prospect (15% WI, 11.25% NRI) Texon Petroleum Ltd (ASX: TXN) advised during the quarter that the fourth well on the Leighton Project, Tyler Ranch ¿3, had begun to flow oil and gas at the gross rate of 500 boepd from the Olmos reservoir comprising 377 bopd and 746 mcf of gas per day through a 12/64 choke, at a flowing pressure at the surface of about 2,600 psi. This flow rate exceeded the initial flow rates of the previous 3 Leighton wells. The combined production rate of the four Leighton wells (Peeler ¿1, Tyler Ranch ¿1, Tyler Ranch ¿2 and Tyler Ranch ¿3) at the time was a gross 1,085 boepd with Global's share being 122 boepd. Tyler Ranch ¿3 was connected to oil tanks and the gas sales pipeline so that Global has now begun to earn revenue from the production. Subsequent to the quarter end, Texon advised that the fifth well, Tyler Ranch ¿4, had reached a total depth of 3,359 metres (11,019 feet) after intersecting oil and gas shows in the Olmos and Eagle Ford Shale reservoirs. Specialist technical analysis of the Eagle Ford Shale is being undertaken using wireline logs and rock samples to determine the thickness of the Eagle Ford Shale and whether it contains producible oil and gas. Results of this work are expected to be available in about three to four weeks. Global has a 15% working interest (11.25% net revenue interest) in the Leighton Project with joint venture parties Texon Petroleum Limited (70%) and Excellong, Inc (15%). The Board continues to review opportunities for other acquisitions, joint ventures, or investments in the resources sector, both domestic and overseas, which may enhance shareholder value. Mark Savage Chairman Glossary:
Enquiries:
Global Petroleum Limited
Astaire Securities Plc (Nominated Adviser and Broker)
This information is provided by RNS The company news service from the London Stock Exchange END
MSCGRBDGIXXGGCG More |
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| 30-10-09 | RNS |
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RNS Number : 6507B Global Petroleum Ltd 30 October 2009 Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001. Name of entity GLOBAL PETROLEUM LIMITED
68 064 120 896 30 SEPTEMBER 2009
Consolidated statement of cash flows
1.13 Total operating and investing cash flows (brought
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
1.25 Explanation necessary for an understanding of the transactions
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a
2.2 Details of outlays made by other entities to establish or increase their
Add notes as necessary for an understanding of the position.
Estimated cash outflows for next quarter
Reconciliation of cash
Changes in interests in mining tenements
6.1 Interests in mining
6.2 Interests in mining
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
7.10 Expired during
7.11 Debentures
7.12 Unsecured notes
Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).
Sign here:............................................................ Date: 30 October 2009 (Director/Company secretary)
Notes
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. == == == == == This information is provided by RNS The company news service from the London Stock Exchange END
MSCUROBRKKRRORA More |
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| 27-10-09 | AFX UK Focus |
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LONDON, Oct 27 (Reuters) - Global Petroleum Ltd:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 27-10-09 | RNS |
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RNS Number : 4166B Global Petroleum Ltd 27 October 2009 27 October 2009 RNS AIM release
LEIGHTON - OLMOS AND EAGLE FORD OIL AND GAS SHOWS Texon Petroleum Ltd (ASX: TXN) has advised that the fifth well on the Leighton project, Tyler Ranch ¿4, has reached a total depth of 3,359 metres (11,019 feet) after intersecting oil and gas shows in the Olmos and Eagle Ford Shale reservoirs. The Olmos has a similar thickness to the previous 4 Leighton wells. Production casing will now be run prior to fracture stimulating the Olmos in the next 10-15 days, after which the well will be placed on production. Specialist technical analysis of the Eagle Ford Shale is being undertaken using wireline logs and rock samples to determine the thickness of the Eagle Ford Shale and whether it contains producible oil and gas. Results of this work are expected to be available in about three to four weeks. Originally a depth of 3,444 metres (11,300 feet) was planned to be drilled to penetrate the Edwards Limestone which underlies the Eagle Ford Shale. Drilling was stopped at 3,359 metres (11,019 feet) and wireline logs recorded over the Olmos and Eagle Ford. Drilling difficulties at the top of the Edwards Limestone prevented drilling further without incurring considerable extra cost. A later well at Leighton will be planned to test the Edwards Limestone. Global has a 15% working interest (11.25% net revenue interest) in the Leighton Project with joint venture parties Texon Petroleum Limited (70%) and Excellong, Inc (15%). Oil and gas futures prices [Source: NYMEX November/December 2009 contracts] Oil: US$78.56/bbl Gas: US$4.53/mmbtu Enquiries:
Global Petroleum Limited
Astaire Securities Plc (Nominated Adviser and Broker)
This information is provided by RNS The company news service from the London Stock Exchange END
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| 21-10-09 |
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You have had a couple of good replies. To some extent it depends on your personal take on the Uganda situation. They do have some directorships the same as Tower (TRP.L). They do have the option still to go along with TRP, as I believe it is written into the original contract, and it is down to their decision.
The 'duster' (which still might not be) they had there was due too (I think) bad luck or bad analysis. All IMHO Regards PR More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| 20-10-09 |
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11.25% net revenue of four producing Leighton wells from the Olmos reservoir.
Fifth well encountered oil shows in Olmos reservoir. Continuing to test the Eagle Ford Shale which may produce "significant upside" to further Leighton wells (significant upside not stated but I made some calculations earlier based on their suggested comparison well). Only a few days from total depth, and (based on previous results) likely to produce from Olmos within 10-12 days of TD. 7 further proved undeveloped well locations in Leighton. 6 probable locations. Majority JV partner (Texon www.texonpetroleum.com.au/ ) has a similar field nearby (Mosman) and seeking partners for that. No statement either way on GBP interest but imho they'd be mad not to have a look especially if the Eagle Ford Shale pans out. 25% interest in Uganda (Tower block EA5) already earnt with a non-productive well, in position to increase to 50% by participating in a 2nd well. I'm not sure if these are on a per well basis or just for the first two wells. Higher cost/risk/reward than Leighton so probably one to sit out now as Tower have funding in place and state other parties have shown interest. I am a holder too, in the red here after Uganda result but doing well with several others. v happy with GKP and NTOG. More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| 20-10-09 | ||||
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many thanks brightonboy
sounds good More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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| 20-10-09 |
HOLD
Re: Interesting
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Cash in the bank
Involved in prospects that are producing in a stable enviroment Possible share in drilling in prospect with Tower resource. Not sure if they still have there Cyprus offshore prospect still Listed on Aussie exchange, therefore can be held in an ISA Not a 1 trick pony, although seems to struggle to get a foot hold and really launch itself. all IMHO Yes I am a holder More | View thread (5) | Respond | Login to Vote up | Login to Vote down |
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