Global Petroleum Limited (“Global”) has announced its flotation on the Alternative Investment Market (“AIM”). The shares will be listed under the symbol LSE: GBP.
Global is developing a portfolio of high upside exploration projects and joint ventures with proven successful explorers and operators such as Woodside Petroleum and Hardman Resources.
Global’s key value projects are offshore Kenya, where the Company’s share of costs are carried through two wells, and holdings in two separate AIM-traded companies focused on oil & gas and mineral exploration in the Falkland Islands;
Australia’s Woodside Petroleum is the lead partner and operator on Global’s most prospective Kenya acreage;
The Falklands interests are via Global’s 16% shareholding in Falklands Oil and Gas Limited and its 10% shareholding in Falklands Gold and Minerals Limited.
Commenting on the admission to AIM, John Armstrong, Executive Chairman of Global Petroleum, said:
“The AIM listing is part of a plan to develop Global Petroleum into a company with a sound portfolio of petroleum exploration projects, which has access to the appropriate capital markets.”