Global Petroleum Ltd Seismic Survey (4590H)
June 08 2017 - 2:00AM
UK Regulatory
TIDMGBP
RNS Number : 4590H
Global Petroleum Ltd
08 June 2017
08 June 2017
Global Petroleum Limited
("Global" or "the Company")
Seismic survey
Global Petroleum (AIM: GBP, ASX: GBP) is pleased to announce
that it has entered into a contract with Seabird Exploration of
Norway in order to acquire 834 km of full fold 2D seismic data
covering Global's operated block (PEL 0029) in Namibia.
http://www.rns-pdf.londonstockexchange.com/rns/4590H_-2017-6-7.pdf
The survey has been designed as an infill programme with the aim
of providing better delineation of an extremely large, multi-level,
dip closed prospect - Gemsbok -which has been mapped in the south
eastern portion of the Global acreage.
The new 2D survey is expected significantly to clarify the
nature and extent of Gemsbok. In addition, the survey has been
specifically designed to improve resolution of the deeper syn-rift
section adjacent to the Gemsbok structure, as well as to provide a
more accurate understanding of the deeper sedimentary sequence
where it is believed potential source rocks are likely to be
present.
It is expected that the survey will commence towards the end of
June/early July and take approximately 2 weeks to complete.
Global Petroleum's technical team is both intrigued and highly
encouraged by its recent work which has confirmed the Gemsbok
prospect, a structural closure extending over 200 square kms. It is
unusual to identify such a large, robust structure at prospective
depths which does not rely on stratigraphic trapping.
For further information please visit www.globalpetroleum.com.au
or contact:
Global Petroleum Limited
Peter Hill, Managing Director +44 (0) 20 7495
& CEO 6802
+61 (0) 7 3310
Damien Cronin, Company Secretary 8732
Cantor Fitzgerald Europe (Nominated
Adviser & Joint Broker)
+44 (0) 20 7894
Sarah Wharry / Craig Francis 7000
GMP FirstEnergy Capital LLP (Joint
Broker)
+44 (0) 20 7448
Hugh Sanderson 0200
Tavistock (Financial PR & IR)
+44 (0) 20 7920
Simon Hudson / Niall Walsh 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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