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
  0.00 0.0% 0.77 783,954 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.76 0.78 0.77 0.77 0.77
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.23 -0.61 3
Last Trade Time Trade Type Trade Size Trade Price Currency
14:56:08 O 131,579 0.76 GBX

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Date Time Title Posts
23/11/202014:40Global Petroleum8,549
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 (GBP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-11-23 14:56:080.76131,5791,000.00O
2020-11-23 09:20:310.7664,895494.82O
2020-11-23 09:05:110.76434,0003,298.40O
2020-11-23 08:46:330.761,30810.00O
2020-11-23 08:38:220.7665,465500.48O
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Global Petroleum (GBP) Top Chat Posts

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 0.77p.
Global Petroleum Limited has a 4 week average price of 0.76p and a 12 week average price of 0.76p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 0.70p.
There are currently 389,319,594 shares in issue and the average daily traded volume is 1,835,796 shares. The market capitalisation of Global Petroleum Limited is £2,997,760.87.
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 ;-)
emptyend: "The Peters wouldn't want to sell the company on the cheap. Anything below 10p would be cheap. They have obviously come up with a deal with the placees that benefits both parties, without being bought out. The question is who and what do they bring to the table. It's not just £1.4m imo".....mmmm.... I remain interested to know who the placees are - though I must say that the limited trading in recent days doesn't encourage me to think the placees are more than mere punters. Which would be disappointing, if so!! Any stakes of interest would be disclosable in the next 2-3 weeks.I should also point out that, in effect, the Peters HAVE JUST SOLD half the company. Now it may be that there particular reasons for that.....and it may very well be that they still expect to do a deal (next year) for a substantial price (in share price terms).....but the balance of probability is that they have simply bought more time for buyers to get keener of farming in.
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: Interesting to note that, only a week ago, there were new posters appearing with the apparent intention of dropping the share price...... rather smacks of a semi-professional effort by some interested party or another.....The last point in my earlier list looms large.....
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.
winnet: You misunderstand me then. I am no way suggesting any ramping need occur. My observation is based on the long duree. I am seeing the cash pile continually diminish, the share price, yes, has risen from a very low point recently, but was in the 2-3p range not so long ago. All this while, judgement day is getting close. Now its really close, but still silience. I guess it boils down to a trust issue - if i had suffcient information I wouldn't need to just trust the BOD. Its the whole princpal agent agrument isn't is - the factory owner can no longer look over the factory to monitor his agents, likewise, nor do we have suffcient information to make a informed decision. Anwyay, I'm invested here. I've been holding these shares for what seems like an enternity. I've been around a bit as well and having been burnt before i am cautious. I do intend to hold to see what the outcome is - i guess its fear of missing out, but lets be honest, for a PI like me, its a huge gamble.
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.
jimarilo: How about a straight merger between AziNam and GBP ? AziNam are shedding unwanted baggage, so far PEL44,45 and 71. GBP have dropped the duel listing status, both companies seem to be clearing the decks and reducing costs GBP, offers a cheap route to market, which could be completed by next month if it were a possibility. A significant interest in two highly prospective licences, with near term farm out potential to Majors. Four licence applications in Italy, which may result. Relatively small amount of shares in issue AziNam, offers an increased foot print in the region of Southern Africa, three partners backed by Lundin. AziNam are under the Seacrest umbrella as are Seapulse, who have a collaboration with Maersk AziNam and GBP look made for each other imo. If it is the case, there will be a need to raise cash, but only after the above type of deal has been concluded and possibly a farm out deal, followed news regarding upcoming wells. In other words at a price beyond the current level
jimarilo: I wonder when Tom Cross took an interest here, must have been a significant investment at the time, backing the Peters ? I first bought GBP ahead of the Kenya well, might have been 40p a share and got the bad news whilst skiing in Morzine.....the share price was like skiing down the "wall" ;-)
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