Share Name Share Symbol Market Type Share ISIN Share Description
Global Petroleum Limited LSE:GBP London Ordinary Share AU000000GBP6 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 7.84% 1.375 21,116,686 16:24:37
Bid Price Offer Price High Price Low Price Open Price
1.35 1.40 1.425 1.275 1.275
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.23 -0.61 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:26 O 1,000,000 1.3346 GBX

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Date Time Title Posts
21/1/202108:48Global Petroleum8,660
22/3/201913:46What is next for GBP, Brexit and Theresa May? Macro Preview, week of 25th March-
15/3/201918:36Macro Preview: GBP/USD, week commencing 18.03.191
10/1/201714:58GLOBAL PET1,172
04/1/201608:11L2 - Observations, comments and screenshots32

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Global Petroleum Daily Update: Global Petroleum Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GBP. The last closing price for Global Petroleum was 1.28p.
Global Petroleum Limited has a 4 week average price of 0.83p and a 12 week average price of 0.61p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 0.61p.
There are currently 389,319,594 shares in issue and the average daily traded volume is 8,267,461 shares. The market capitalisation of Global Petroleum Limited is £5,353,144.42.
daar: Defo more than £5m. No denying of #GBP assets. Just the recent P&D was initiated by twitter crew
squibno1: on the 19 January 2018 Global Petroleum Limited (AIM: GBP, ASX: GBP) is pleased to announce that, following its recent notification of the publication of the Competent Person's Report ("CPR") by AGR TRACS on its Namibian Blocks 1910B and 2010A (Licence PEL0029 - "the Licence"), the Company will shortly commence a structured farmout process, with the intention of future work on the block being financed by a farminee. Global holds an 85% working interest in the Licence, and is Operator. Global is also pleased to announce that it has appointed Stellar Energy Advisors ('Stellar') to advise the Company in relation to the farmout. Global's CEO, Peter Hill, commented: "Following the publication of the CPR, which has confirmed the high level of prospectivity on our Blocks, we feel that the time is now right to commence a structured farmout process. We have noted the improving investment climate for upstream E&P generally, and in particular the recent entry of major IOCs and NOCs into Namibian exploration. We also regard Stellar as the advisor best placed to assist us in the farmout, given their extensive technical knowledge of Namibian E&P and their recent successes in advising on farmouts in the country". !!!
alexios1201: Yes some brokers and mm's buy them at the agreed price to cover the shorts.But normally you forward sell them when the share price is above the exercise price and holder is happy with the profit
jimarilo: GBP sandwiched even tighter. ECO's new blocks were Oranto's PEL43 directly below GBP and ECO's PEL30 directly to the east of GBP Https://
jimarilo: Well Guy used to be PEL34, below the new 2111B & 2211A, which used to be Oranto's PEL43, so ECO have taken over the Oranto blocks, which is a significant move GBP now have ECO to the South and East Eco, have negotiated a new 10 year deal on all it's Namibian assets, seems to me GBP is front and centre of the current focus
emptyend: oliversydney, Quite right of course that the value of the trades is quite modest but, as jimarilo notes, the share price used to move about on such volumes - and now it doesn't.Of course you are right also that news is required to shift the price materially - and that may well take some time. Thing is, though, if that news is a farmout or something directly affecting GBP then one could easily see a material move in an instant.Hence, IMO, if one believes that Namibia will come good as "the next big thing" one just sits and waits.....which is precisely what I would have expected recent subscribers to the placing to be doing.
jimarilo: Give it a rest? I could say the same to you You are certainly on a mission to deramp GBP for some reason as your profile shows You opened an ADVFN account on September 8th and have 16 deramping posts all on GBP Https:// Why would this numpty be bothered with tiny market cap GBP ?? I feel much better that you are still here and are persistent, so much so I had a nice top up yesterday ;-)
petermarsh: How badly do these people have to behave in order for you to acknowledge their actions, Jimarillo? You accuse others of deramping, and one of your pals here even appears to suggest today that new posters have driven the price down! We know what has driven the price down, an inept and self serving management, and if posters here could influence the share price your input over many months would have us at a tenner. These people are shysters (a point I have made in an email to the company today), living high off our money, and have now guaranteed they can draw their fat salaries for longer still. They have done nothing in ten years and have no incentive to do anything now. They have acted in a way which is completely contrary to your repeated and confident assertions, which will have influenced small investors to commit their hard earned to this pile of ordure.
emptyend: Not greatly impressed with the extent of the discount on this placing (being the lowest price at which it has been possible to buy in the last 10+ years......I know because I bought a third of my stake at that price), but I'd make a few comments:1. clearly it is prudent to raise some money unless a Q4 deal was a 100% certainty, even if discussions are active2. whilst it is a substantial dilution, the investment case remains extremely strong (NAV of 6-7x last night's close?) and there is substantial upside potential from a farm-out3. the main directors have also been substantially diluted, which is something they have resisted up to now4. it will be extremely interesting to see who has subscribed for those shares - because there will undoubtedly be disclosable stakes. My guess would be that there could be 3-4 investors in that category. I'd like to think the majority of new investors will remain quite tight holders (and I'd think some may be well-known to the Peters) so it is difficult to be sure what will happen to the share price over the next few weeks (other than I'm sure some small retail hot money will bale)5. this is all (pretty much) part of an orderly plan that was set in train 6 months ago.Lets see what happens over the next few weeks.
investoroilandgas: I agree with that, GBP needs others to do the "heavy lifting" and drill wells in offshore Namibia. The GBP share price in September 2018 spiked (4.05p)when Pancontinental was drilling. Hopefully we do not have too long to wait before a Major starts drilling.
Global Petroleum share price data is direct from the London Stock Exchange
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