Sale of Shares

Global Petroleum Ltd 29 April 2008 29 April 2008 RNS AIM release SALE OF FALKLAND OIL & GAS LIMITED SHARES Global Petroleum Limited (the 'Company') Global Petroleum Limited advises that it has disposed of a significant parcel of Falkland Oil & Gas Limited ('FOGL') shares. The Company has sold 10,425,000 shares, representing 11.29% of the FOGL shares in issue, realising approximately A$24.3M. The Company now holds 1,710,000 shares in FOGL representing 1.85%. The Company now has approximately A$34.6M in cash. The increased working capital will enable the Company to progress its existing projects as well as seek other opportunities for acquisitions, joint ventures, or investments in the resources sector. For more information please contact: Global Petroleum Limited Tel +1 505 344 2822 Mark Savage, Chairman Fax +1505 344 2922 Email marksavage@comcast.net Blue Oar Securities Plc (Nominated Adviser and Broker) Tel 020 7418 4400 Rhod Cruwys Jerry Keen This information is provided by RNS The company news service from the London Stock Exchange
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