Board Changes

RNS Number : 0085T

Global Petroleum Ltd

09 October 2017

 

9 October 2017

Global Petroleum Limited

("Global" or "the Company")

Board Changes

Global (AIM: GBP, ASX: GBP) announces that the Global Board has been informed by Mr Damien Cronin, an independent, Non-Executive Director of the Company, and its Company Secretary, of his intention to retire from both positions as from 31 December 2017.  Mr Cronin has given notice of his retirement from the Company at this time to allow for an orderly transfer of his responsibilities to his successor after the Company's Annual General Meeting in November.

Mr Andrew Draffin, an independent, Non-Executive Director, will assume the role of Company Secretary from 1 January 2018.

The Board has also appointed Mr Garrick Ralph Higgins (aged 61) as a Non-Executive Director of the Board with immediate effect.  Mr Higgins is a Melbourne based lawyer and a principal of Grillo Higgins.  He practices in energy and resources law and in corporate and securities law, including mergers and acquisitions, takeovers, capital raisings, project finance, corporate governance and joint ventures.  Mr Higgins is a director of the public companies Escala Partners Limited and Laguna Gold Limited, the latter as an alternate director.

The material terms of Mr Higgins' appointment will be summarised in a separate Announcement made on the ASX today listed here; http://www.asx.com.au/asxpdf/20171009/pdf/43n263xhggd84f.pdf 

Commenting on the Board changes, John van der Welle, Global's Chairman, said: "On behalf of the Board and shareholders I would like to thank Mr Cronin for his six years of service to the Company, and to wish him all the very best for the future.

I congratulate Mr Higgins on his appointment and I welcome him to the Board."

Mr Higgins is now or has been in the last 5 years, a director of the following companies:

Current Directorships	Past Directorships (in the last 5 years)
Australian Resource Evaluation and Developments Pty Ltd	Casey Exploration Pty Ltd
Beyond -Eco Pty Ltd	Coolgardie Mining Company Pty Ltd
Escala Partners Limited	Crowl Creek Exploration Pty Ltd
Escala Finance No 2 Pty Ltd	Escala Wealth Management Pty Ltd
Family Office Research and Management Pty Ltd	Essential Petroleum Exploration Pty Ltd
Firebank Bond Pty Ltd	Fisher Africa Pty Ltd
GrilloHiggins Pty Ltd	Fisher Resources Pty Ltd
GrilloHiggins Lawyers	Infrastructure Civil Management Pty Ltd
Laguna Gold Limited	In-tellinc Fund Manager Pty Ltd
Ragar Pty Ltd	Kidman Barrow Creek Pty Ltd
	Kidman Mining Pty Ltd
	Kidman Resources Limited
	Land and Mineral Exploration Limited
	Land and Mineral Limited
	Pacific Resources Pty Ltd
	Packaged Solutions Pty Ltd
	Powerwrap Limited
	Trecomax Pty Ltd
	Tresscox Lawyers
	Xcelerate Consulting Pty Ltd

There are no further details to be disclosed pursuant to Schedule Two (g) of the AIM Rules for Companies.

For further information please visit www.glo-pet.com.au or contact:

Global Petroleum Limited
Peter Hill, Managing Director & CEO	[phone]
Damien Cronin, Company Secretary	[phone]
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker)
Sarah Warry	[phone]
GMP FirstEnergy Capital LLP (Joint Broker)
Hugh Sanderson	[phone]
Tavistock (Financial PR & IR)
Simon Hudson / Niall Walsh	[phone]

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