The latest update is out from Global Petroleum ( (GB:GEO) ).
Geo Exploration Limited has announced a significant transformation, including a corporate name change, leadership restructuring, and strategic acquisitions. The company has acquired an 80% interest in the Juno Project and is advancing its exploration efforts in Namibia’s Walvis Basin, positioning its PEL0094 license as a key asset amid growing industry interest. Financially, the company reported a loss after tax of USD $543,290 but successfully raised £850,000 in capital, which supports its ongoing exploration activities and strategic initiatives.
More about Global Petroleum
Geo Exploration Limited, formerly known as Global Petroleum Limited, operates in the oil and gas exploration industry. The company focuses on petroleum exploration licenses, particularly in Namibia’s Walvis Basin, and has expanded into mineral exploration in Western Australia through the Juno Project.
YTD Price Performance: -53.77%
Average Trading Volume: 71,475,132
Technical Sentiment Signal: Buy
Current Market Cap: £6.24M
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