Global Petroleum Limited

Equities

GBP

AU000000GBP6

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:12 2024-04-26 am EDT			5-day change	1st Jan Change
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Mar. 28	EARNINGS AND TRADING: 888 advances US exit; Arrow ups reserve estimate	AN
Mar. 28	Global Petroleum Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI

2021 Africa Oil Week Global Petroleum

November 11, 2021 at 05:37 am EST

Transformational exploration in the Walvis Basin, Namibia

Paul Howlett

Global Petroleum Limited

Global Petroleum - a snapshot

• Global Petroleum Limited is an Australian-registered public company quoted on the AIM market of the London Stock Exchange

• The management team is based in London

• 3 successful capital raises totalling £3.4 million (US$4.6 million) in last 15 months to progress the PEL94 exploration licence & for working capital

• Active since 2010 in Namibia

• Global also has exploration permit applications in the Italian Adriatic Sea

Oil and gas in Namibia

Stable jurisdiction, excellent fiscal terms
Excitement in the oil and gas sector:
ReconAfrica found oil shows in its 2 stratigraphic wells onshore NE Namibia with its share price now over 12 times what it was 2 years ago
Offshore there are significant players: Shell, TotalEnergies, ExxonMobil, GALP, Maurel & Prom
Shell about to drill the Graff-1 well, TotalEnergies the Venus-1 well, both of which are playing the same source rock as Global in its licence
To the north of Global's licence, ExxonMobil has a large licence position, similar in area to its Starbroek block in Guyana

Global Petroleum in Namibia

Global's licence PEL94, 5798 sq. km, 78% and operator
Commitment is to acquire 2,000 sq. km of 3D seismic data
Previously held adjacent PEL29 licence for 10 years from 2010
Main prospect Marula with 210 MMbbl gross P50
Marula at 1000m water depth
Last 2 deep water wells in this basin cost US$29 and 16 million
Marula has >US$600 million NPV10 net to Global's interest
There is further running room…….

Global's portfolio in PEL94, Namibia

Large portfolio: 2,284 MMbbl Net P50 Prospective Resources across 9 prospects & leads in PEL94

Welwitschia	Monkeythorn	Puzzlebush	Acacia	Plum Deep
Deep		West	Plum	Plum East

			West		Quiver

					Tree
					North
	Sandcastle				Quiver
				Tree

Corkwood	Marula		Plum
Area of 3D			South	Plum	Quiver

seismic data				Tree
Ana			South
			Puzzlebush

Albian carbonate prospects			East

Deeper Upper Cretaceous sandstone prospects
Upper Cretaceous sandstone prospects beyond Mass Transport Complex
Upper Cretaceous sandstone prospects below or near base of Mass Transport Complex
Early Paleocene sandstone prospects

		Gross			Net Attributable		Risk	Risked
		Prospective Resources		Prospective Resources (NAPR)	Factor	NAPR in
		within PEL0094			within PEL0094			PEL0094
										Risked net
Prospects or	1U	2U	3U		1U	2U	3U			2U
Low	Best	High	Mean	Low	Best	High	Mean		Best
Leads	Estimate	Estimate	Estimate	Estimate	Estimate	Estimate	Estimate	Estimate	(%)	Estimate
	(P90)	(P50)	(P10)		(P90)	(P50)	(P10)			(P50)
					OIL - millions of barrels
Prospect
Welwitschia
Deep	162	671	1863	881	126	523	1453	687	14%	73
Prospect
Marula	109	210	337	218	85	164	263	170	22%	36
Lead

Ana	42	91	175	102	33	71	137	80	11%	8
Lead
Quiver Tree	275	476	786	508	215	371	613	396	11%	41
Lead Quiver
Tree South	262	396	566	407	204	309	441	317	7%	22
Lead
Plum	79	164	311	182	62	128	243	142	7%	9
Lead
Plum South	4	13	36	17	3	10	28	13	6%	1
Lead
Plum Deep	226	466	894	523	176	363	697	408	6%	22
Lead
Monkeythorn	220	442	831	491	172	345	648	383	7%	24

TOTAL

2,929

3,329

2,284

2,596

236

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Global Petroleum Limited published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 10:36:02 UTC.

Latest news about Global Petroleum Limited

EARNINGS AND TRADING: 888 advances US exit; Arrow ups reserve estimate	Mar. 28	AN
Global Petroleum Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
Global Petroleum Ends Partnership with Investment Group Cynergy East Med	Mar. 12	MT
Global Petroleum ends Cynergy partnership as chair resigns	Mar. 12	AN
Global Petroleum Executive Chair Steps Down	Mar. 11	MT
Global Petroleum shares drop after chair resigns suddenly	Mar. 11	AN
Global Petroleum Limited Announces Resignation of Executive Chairman, Daniel Page as Director	Mar. 11	CI
Global Petroleum inks Cynergy deal for East Mediterranean exploration	Jan. 26	AN
Global Petroleum Signs East Mediterranean Exploration Partnership	Jan. 26	MT
Global Petroleum Limited Enters into Partnership Agreement with Cynergy East Med LLC	Jan. 26	CI
Canada Producer Prices Fell a Third Straight Month in December	Jan. 17	DJ
Bank of Korea Holds Rates Steady	Jan. 11	MT
Global diesel shortage eases after summer surge in prices: Kemp	Dec. 14	RE
Oil market comfortably supplied after OPEC+ cuts: Kemp	Dec. 12	RE
Global Petroleum raises GBP253,000 for Walvis Basin progress	Nov. 30	AN
Global Petroleum Completes Fundraising; Stock Sinks	Nov. 30	MT
Global Petroleum Appoints New Executive Chairman	Nov. 28	MT
Global Petroleum appoints new executive chair and executive director	Nov. 27	AN
Global Petroleum Limited Announces Board Changes	Nov. 27	CI
Factbox-What is OPEC+ and how does it impact oil prices?	Nov. 20	RE
Global Petroleum shareholder asks to remove CEO, chair and non-exec	Nov. 07	AN
The FTSE 100 Closed Down 0.9% on Earnings Disappointment, Geopolitical Tensions	23-10-27	DJ
Global Petroleum shares fall as cash reserves drop but profit narrows	23-10-27	AN
AIM WINNERS & LOSERS: FireAngels surges on GBP28 million buyout	23-10-27	AN
Global Petroleum Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-27	CI

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Company Profile

Global Petroleum Limited is an Australia-based holding company, which is engaged in oil and gas exploration and development. The Companyâs principal asset is an exploration block located offshore Namibia. The Company holds approximately 78% participating interest in Petroleum Exploration License (PEL) 0094, which covers Block 2011A in the Walvis Basin, offshore north-west Namibia. This License covers an area of approximately 5,798 square kilometers in water depths ranging from 450 meters to 1,550 meters. The Companyâs wholly owned subsidiaries include Global Petroleum Exploration Limited, and Global Petroleum Namibia Limited.

Sector

Oil & Gas Exploration and Production

Calendar

2024-10-23 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.00057 GBP

Average target price

0.0111 GBP

Spread / Average Target

+1,847.37%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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