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% 1.85p 441,930 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.75p 1.95p 1.85p 1.85p 1.85p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.4 -0.7 - 3.24

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Date Time Title Posts
17/3/201803:32Global Petroleum5,920
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 1.85p.
Global Pet. has a 4 week average price of 1.60p and a 12 week average price of 1.60p.
The 1 year high share price is 4.40p while the 1 year low share price is currently 1.60p.
There are currently 175,159,769 shares in issue and the average daily traded volume is 195,712 shares. The market capitalisation of Global Pet. is £3,240,455.73.
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".
hugepants: Well this chap has presided over a near total destruction of the share price. Check out the original price of his options below. They were subsequently rebased since they soon became hopelessly out of the money. Since he has taken the helm the company has achieved pretty much nothing except burn through most of their cash. It's really comical he's been given another 6 million options priced well below cash value. Cancelled options P Hill: i. 1,500,000 incentive options exercisable at AU$0.25 each on or before 1 April 2017, vesting on 16 December 2013; ii. 1,750,000 incentive options exercisable at AU$0.30 each on or before 1 October 2017, vesting on 16 December 2013; iii. 1,750,000 incentive options exercisable at AU$0.35 each on or before 1 April 2018, vesting on 16 December 2013; iv. 1,000,000 incentive options exercisable at AU$0.45 each on or before 1 October 2018, vesting on 16 December 2013; Re-granted options P Hill: i. 3,000,000 incentive options exercisable at AU$0.065 each on or before 23 December 2019, vesting on 27 November 2014 ii. 3,000,000 incentive options exercisable at AU$0.065 each on or before 23 December 2019, vesting on 23 June 2015
emptyend: .....of course, when you say "6 million more" options, it should be noted that the only other options he has are another 6mn options that are exercisable at about 3.75p - and are only worth anything if the share price gets above that level in the next two it isn't going to be a fortune - at least by comparison with his rather generous salary!
emptyend: at least he can now do something to get deals done and the share price up........ The Peters must be getting pretty frustrated - but, for some reason, not so frustrated as to fire him.
emptyend: With the seismic results in hand, GBP will be an "option money" acquisition for larger companies looking to develop their West Coast acreage. And then there is the Italy position, which shouldn't be ignored in view of the activities of majors in adjacent blocks.And, of course, a big chunk of the share price is still covered by cash.
ileeman: @rayrac Cash is very attractive. A lot of oil and gas activity in and around Africa, sure been some dusters but also some large finds. I Notice an increase of interest from majors. Seismic will be extremely positive for the share price if it is half decent. Target to start drilling in 2018. I bought quite a lot under and around 2p over the weeks/months. Think 4-6p is possible.
hugepants: No comment on results last week? Admittedly not much to report. We may have some 2D sesimic to look forward to next year on Namibia. And same on the Italian licences if they ever get awarded (I hope not). Exciting stuff indeed. The current share price implies Mr Market thinks they don't know what they are doing. Current share price = 1.5p Net cash at end of June = 3.8p Cash burn over the year = 0.9p
p1nkfish: You would think GBP share price would benefit if Iraq goes bad but not holding my breath.
Global Pet. share price data is direct from the London Stock Exchange
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P:40 V: D:20180319 03:10:28