Kenya - Update

Global Petroleum Ltd
04 December 2006



Global Petroleum Limited

                           KENYA UPDATE - POMBOO NO.1

Global Petroleum advises that the Pomboo No. 1 Well in its L-5 Kenya Licence 
spudded on 2 December at 12:15hrs local time.  The well is being drilled in 
2,200 metres of water to a depth of approximately 5,000 metres below sea level.

The L-5 Joint Venture comprises:

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 1/11/06 and 14/11/06 
and Global's website: www.global-petroleum.co.uk

John Armstrong
Executive Chairman

Telephone: [phone]
Fax:       [phone]
Web: www.globalpetroleum.com.au / www.global-petroleum.co.uk

* 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.


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