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          [phone]
Mark Savage, Chairman                               Fax           [phone]
                                                  Email   [e-mail]

Blue Oar Securities Plc (Nominated Adviser and Broker)       Tel   [phone]
Rhod Cruwys
Jerry Keen






                      This information is provided by RNS
            The company news service from the London Stock Exchange