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The latest announcement is out from Global Petroleum ( (GB:GBP) ).
Global Petroleum Limited has successfully raised £1.5 million to support the advancement of its Juno Project in Western Australia, which is gearing up for significant exploratory activities including drilling. This capital raise also aids ongoing discussions for a farm-out agreement for the PEL 94 license in Namibia, with the company aiming to secure favorable terms that could enhance shareholder value. The company’s commitment to maintaining shareholder interests is further demonstrated through a retail offer allowing existing shareholders to participate in the fundraise on equal terms as institutional investors.
More about Global Petroleum
Global Petroleum Limited operates in the oil and gas industry, focusing on the exploration and development of energy resources. The company is actively engaged in projects such as the Juno Project in Western Australia, targeting Intrusion Related Gold Systems, and farm-out discussions for the PEL 94 license in Namibia, showcasing its strategic interest in resource-rich regions.
YTD Price Performance: 7.88%
Average Trading Volume: 88,780,384
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £12.37M
See more data about GBP stock on TipRanks’ Stock Analysis page.
