Kenya - Drilling Report no.7

Global Petroleum Ltd
17 January 2007


17 January 2007

                          Kenya - Drilling Report No 7

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 0700     4,771 metres (2,549 metres below seabed).
Hours (Bris
time) on 17
January 2007*   Since the last report, the well has drilled 739 metres, mostly
                shale with some thin sandstones. A thick sandstone has been
                drilled from about 4,685m to 4,771m and although no significant
                oil and gas shows have been observed so far in the well, a full
                evaluation of the sandstone cannot be made until the total depth
                of the well is reached and after wireline logs have been run and
                evaluated. The well continues to be drilled through the rest of
                the objective section to the proposed total depth of 5,370m.

•  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.

* Australian Eastern Standard Time

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

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Web:                   www.global-petroleum.co.uk



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