Kenya - Drilling Report No.2

Global Petroleum Ltd
12 December 2006


12 December 2006

                          Kenya - Drilling Report No 2


Well Name:               Pomboo No. 1

Licence:                 Kenya L-5

Operator:                Woodside Energy (Kenya) Pty Ltd

Joint Venture:           Woodside Energy (Kenya) Pty Ltd   30%
                         Dana Petroleum (E&P) Limited      30%
                         Repsol Exploracion S.A.           20%
                         Global Petroleum Limited          20%

Start Date               2 December 2006 at 1915* hours

Depth at 1300 Hours  
11 December 2006         2,944 metres (751 metres below seabed), 20 inch casing
                         has been set and preparations now underway to
                         recommence drilling.

* 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.

The technical information in this report was prepared by Dr John Armstrong PhD,
BSc (1st Hons) Geo, executive Chairman of Global Petroleum Limited who has 35
years experience in the upstream oil and gas industry. The information has been
reviewed as to its reliability by Mr Wal Muir BSc Hons (UNSW) MBA (UQ), who is a
partner in MBA Petroleum Consultants. MBA provides independent technical advice
to Global. Wal Muir has over 27 years experience in the petroleum exploration
industry both in Australia and overseas. He is a Distinguished Member of the
Petroleum Exploration Society of Australia and a member of the Australian
Society of Exploration Geophysicists.

John Armstrong
Executive Chairman

Telephone:    [phone]
Fax:          [phone]
Web: www.global-petroleum.co.uk



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