Company Update

Global Petroleum Ltd
16 July 2024
 

16 July 2024 

Global Petroleum Limited

("Global" or "the Company") 

Company Update

 

Global Petroleum Limited (AIM: GBP)is pleased to announce that, following entry into the First Renewal Period that it has increased the bank guarantee facility in accordance with the Petroleum Agreement for PEL 94.

 

The Company also wishes to advise that it has entered into a short-term Loan Agreement for USD270,000 with a major shareholder of the Company for provision of general working capital requirements, including providing cash collateral for the bank guarantee.  The loan is interest free and is repayable on 30 September 2024 unless mutually agreed to extend beyond the repayment date.

 

 

 

For further information please visit: www.globalpetroleum.com.au or contact:

 

Global Petroleum Limited

+61 3 8611 5333

Andrew Draffin, Company Secretary and non-Executive Director







SPARK Advisory Partners Limited (Nominated Adviser)

+44 (0) 20 3368 3555

Andrew Emmott

 



 



CMC Markets (Broker)

Tom Curran/Thomas Smith

+44 (0) 20 7170 8200

 



SI Capital Limited

+44 (0) 148 341 3500

Nick Emerson/Nick Briers



 



Tavistock (Financial PR & IR) 

Simon Hudson / Nick Elwes

+44 (0) 20 7920 3150

 

This announcement has been issued by and is the sole responsibility of the Company.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings