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Share Name Share Symbol Market Type Share ISIN Share Description
Global Pet. LSE:GBP London Ordinary Share AU000000GBP6 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.50p 1,010 05:00:01
Bid Price Offer Price High Price Low Price Open Price
1.25p 1.75p 1.50p 1.50p 1.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.49 -0.73 2.6

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Date Time Title Posts
15/1/201900:46Global Petroleum6,826
10/1/201714:58GLOBAL PET1,172
04/1/201608:11L2 - Observations, comments and screenshots32
11/3/201416:57GBP/USD Cable Forex15
14/6/201309:59Global Petroleum - Microcap Oil & Gas2,096

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Global Pet. Daily Update: Global Pet. is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GBP. The last closing price for Global Pet. was 1.50p.
Global Pet. has a 4 week average price of 1.30p and a 12 week average price of 1.30p.
The 1 year high share price is 4.05p while the 1 year low share price is currently 1.30p.
There are currently 175,159,769 shares in issue and the average daily traded volume is 6,575 shares. The market capitalisation of Global Pet. is £2,627,396.54.
hugepants: Im surprised the share price is still above 1p here. Despite laughably claiming to have a "strong financial position" they've enough cash to last about 15 months. That's just to keep the lights on.
dunderheed: Mildy positive share price reaction?!
chopsy: I'll spell it out. If Cormorant fails (15% COS) how will that affect our share price?
jimarilo: Not a single GBP share been traded on the ASX since the 1m (£20k) buy on the 30th May
fillipe: Looks like another drift-down day in the life of a GBP share....again. f
emptyend: ....Indeed. Though sticking to Gemsbok alone, a total of 1.75bn boe best estimate (4.8bn high estimate) is enough to be going for with a single well.......The key risks are source and reservoir - and there are three (geologically largely separate) shots at proving those up at Gemsbok, but perhaps those could all be tested with a single well?And if source and reservoir are proven, then that will substantially derisk many of the other leads/prospects on the the economic impact of the initial well on GBP's share price should be getting on for double the numbers for Gemsbok alone.It looks an interesting farmout situation to me, given the potential scale.
emptyend: Two points:1. No BoD has any control over the share price2. The Peters' 40% has had its value impaired by the share price fall just as much as other shareholders - BUT they still considered that the best bet was to seek to farm out this prospect.Of course they might turn out to be wrong - but I have no doubt at all that they are seeking to maximise the value of their shares - and, by extension, the value of ours.Remember that some years ago they cashed out the stake in FOGL which puzzled most investors at the time - before FOGL shares plummeted along with everything else. Had they not done so, the company would have run out of cash years ago.
thaaarg: Hill's rake off is high for a company the size of GBP, so much so he won a coveted Brass Balls Award in 2014!: 02 . 11 . 14 PRUFROCK OLIVER SHAH Boss strikes it rich without oil It’s time to unveil the latest winner of our Brass Balls Award for executive compensation. Step forward Peter Hill. The Oxford-educated-lawyer-cum-oil boss runs an exploration company whose name you probably won’t know — Global Petroleum. Despite its expansive name, the London and Sydney-listed outfit’s operations are confined to a licence in Namibia that it has not drilled, a minority share in a field off Mozambique and, of course, a head office in Berkeley Square, Mayfair. Since Hill, 58, the former deals supremo at Norwegian oil giant Statoil, took over in September 2011, Global’s shares have plummeted by 80%. As of Friday the company was worth only £5.7m. Despite its diminutive size, in the past three years Global has paid Hill £750,000 in cash and handed him £270,000 in options. Given the lowly share price, these won’t be paying out anytime soon. In the meantime, the company has burned through £4m in cash and generated negligible turnover. Global’s chairman, John van der Welle, said the board was “absolutely behind Peter”, before adding: “Our message is, bear with us. It takes time to find the right deal.” Don't it just!
thaaarg: Ah yes, that'll be the additional 2D data shot last year. Additional that is to the historic 2D data on the same block they inherited on acquisition from Jupiter Petroleum in 2011. It is also additional to the massive and expensive 2D data acquisition they initiated later in 2011 AFTER they bought Jupiter Petroleum. The CPR was based on 2D data - loads of 2D data. Share price has fallen since its release, which tells you all you need to know about the additional insight it provides. No company will farm in & drill this type of play on 2D data alone...and no company appears to want to pay for 3D data that GBP should have acquired years ago instead of making dubious business decisions and overpaying its comatose Directors for so doing! There is too much baggage with this Company. They are the laughing stock of the sector.
emptyend: You make a good point about the pricing of the options relative to cash but, on the other hand, there are commitments. Value will only be added if a deal can be done in either/both Namibia and Italy.With respect, 2013 was a very different world for exploration companies.Put another way, if the share price doubles from here then the total value from 5 years of options would be just over £100k pre-tax......or 4 months salary. That is not huge. In fact, arguably, it might be better to half the salary and award 3x as many options......of course, if the share price zooms to 10p then he would have 12mn options in the money.......and that would be "more like it".
Global Pet. share price data is direct from the London Stock Exchange
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