Drilling Rig - Kenya

Global Petroleum Ltd
01 November 2006

1 November 2006

Global Petroleum Ltd

                        DRILLING RIG MOBILIZING TO KENYA

Global advises that on 1st November, Woodside, as operator of the Company's 
Kenya Joint Venture, took assignment of the rig which will drill the Joint 
Venture's two Kenya wells.  It is expected that the rig will take some four 
weeks to mobilize to Kenya so that the drilling operations should commence 
towards the end of November.

The first well will be Pomboo No. 1 in Block L-5.  Pomboo has a proposed total 
depth of approximately 5,000 metres below sea level.  The second well will be on 
the Sokwe prospect in Block L-7.

Woodside                   30% (and operator);
Dana                       30% *
Repsol                     20% *
Global                     20%

The costs associated with Global's 20% in L5 and L7 are carried for all 
activities through the drilling of the first well in each of these areas.

For further information, refer also to Global's releases dated 16/3/06, 4/5/06, 
24/8/06 and 29/9/06 and Global's website: www.globalpetroleum.com.au

* Footnote

Another transaction is pending which, subject to the necessary permissions, will
result in the transfer of a 3% interest in L-5 and L-7 from Dana to Repsol,
resulting in Repsol having a 23% interest in L-5 and L-7 and Dana a 27% 
interest.

Further information

Global Petroleum Ltd
John Armstrong, Executive Chairman                           Tel: [phone]

Bell Pottinger Corporate & Financial
Nick Lambert                                          Tel : [phone]


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