Global Petroleum Ltd
19 December 2005
19 December 2005
Global sells Falkland Gold and Minerals holding
Global Petroleum Limited announces that it has sold its 10.1% holding in
Falkland Gold and Minerals Limited (FGML). The sale was made at 10p per share or
£791,000 (A$1.86m).
The sale will supplement Global's cash resources to fund existing and potential
new projects. In L5 and L7 in Kenya where Global has 20% equity, Global is fully
carried for the drilling of two wells.
For further information:
Global Petroleum Limited
Dr John Armstrong Tel: +61 (0) 7 3211 1122 / +61 (0) 408 824 370
[email protected]
Bell Pottinger Corporate & Financial
Nick Lambert Tel: +44 (0) 7811 358 764
This information is provided by RNS
The company news service from the London Stock Exchange