Director/PDMR Shareholding

Global Petroleum Ltd
28 June 2006

Global Petroleum Limited

28 June 2006

                          Director / PDMR Shareholding

Global Petroleum Limited announces that on Friday 23 June 2006 Dr John
Armstrong, Executive Chairman sold a further one million ordinary shares of no
par value in the Company at 21p (A51.8 cents) per share. The shares, which Dr
Armstrong held in his own name represented 0.6% of the issued capital of the
Company. Following the sale Dr Armstrong holds 266,667 shares (0.15 %) in the
Company.

The first sale of one million shares was announced 22 June 2006 and both sales
resulted from the exercise of two million options by Dr Armstrong announced on
15 May 2006. Dr Armstrong now holds eight million options at an exercise price
of 10p (A25 cents) which are due to expire 30 June 2007 and a further 10 million
options at an exercise price of 10p (A25 cents) due to expire 30 June 2008. The
latter may only be exercised subject to the Company entering into certain
Production Sharing Agreements including satisfaction of conditions precedent.

Des Olling
Company Secretary




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