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Pin to quick picksGlobal Petroleum Share News (GBP)

Share Price Information for Global Petroleum (GBP)

London Stock Exchange
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Share Price: 0.0725
Bid: 0.07
Ask: 0.075
Change: -0.0075 (-9.38%)
Spread: 0.005 (7.143%)
Open: 0.08
High: 0.08
Low: 0.0725
Prev. Close: 0.08
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Small caps round-up: Baobab Resources, Idatech, Bango...

Tue, 20th Apr 2010 08:45

Shares in Baobab Resources jumped after the Mozambique-focused metals explorer said it intersected 'significant widths' of magnetite-ilmenite mineralisation at the Chimbala prospect in the Tete region of the country.Fuel cell system firm IdaTech expects revenues for 2010 to be lower than expectations. It is down to a requirement by an Indian telecommunications company, BSNL, to re-tender a multi- billion dollar infrastructure programme, into which IdaTech expected to sell several hundred systems this year. IdaTech does not expect to make up that volume between now and the end of the year but maintains its current year guidance on unit sales, gross margin, operating profit cash usage and net debt expectations. Bango shares perked up after it said it was in commercial discussions with Research In Motion (RIM). Bango said RIM sent an email to BlackBerry App World vendors stating Bango will be introduced as ''the Merchant of Record for carrier billed transactions" for BlackBerry App World.Bango said nether it, not RIM have announced any timescales relating to this project. "Accordingly, it is at an early stage and the Company will update the market as appropriate as the project progresses," it added.Global Petroleum has reached a settlement with Woodside Energy to withdraw legal proceedings, which will see Global and its joint venture partner Dana Petroleum share $12m. Global and Dana had begun legal proceedings against Woodside Energy (Kenya) for not drilling a second exploratory well in a project area, offshore Kenya. Plant Health Care has granted Plant Foods Inc marketing rights to the Harpin fertiliser brand in the southeastern United States. The financial terms were not disclosed but Plant Health Care does not expect the agreement to make a "material contribution" to its revenues and profit until the 2011 planting seasons.Shares in Cove Energy took a knock after it suspended drilling operations on the Collier 1 well after the operator deemed it unsafe to continue drilling. "Whilst it is regrettable that the target objectives at Collier have not yet been fully evaluated, safety is the top priority and we have to go with the recommendation of the operator in such circumstances," said CEO John Craven.Bond International perked up after the staffing software solutions firm signed a contract to provide its flagship software, Adapt, to i3 Pharma Resourcing, a leading global provider of quality clinical research.Modern Water chairman Neil McDougall said it expects a year of further growth and heightened interest in its services. Gas Turbine Efficiency (GTE), which provides cleantech systems for industrial and aviation turbines, said the energy market is showing signs of recovery as it reported revenue of $9.8m for the first quarter, a 32% rise from the same period a year ago.Shares in IS Pharma jumped after the speciality drug group said profits for the year to 31 March are expected to be ahead of expectations despite the company's long term focus.Oil production group Coastal Energy said total company production averaged 7,362 boe/d for the full year of 2009. The Company's full year EBITDAX was $37m.Neuropharm said its directors have decided to recommend to shareholders that the speciality pharmaceutical company be wound up by way of a members' voluntary liquidation such that, following payment of the group's liabilities, its remaining cash be returned to shareholders. President Petroleum, formerly known as Meridian Petroleum, gained on news that first quarter oil production was up by 50% on the previous three months period.Aim listed leisure and gaming group Sceptre Leisure has sold its Fixed Odds Betting Terminal (FOBT) rental business to Global Draw Limited for a total cash consideration of £3.75m. Tracsis, which provides performance and planning software and consultancy services for the transport industry, reported turnover of £1.01m in the six months ended 31 January (2009: £945,000), resulting in an operating profit of £67,000 (2009: £194,000).
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11 Sep 2013 12:26

Wessex Exploration To Take Reduced Stake In New Permit For Territory Off Madagascar

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11 Jun 2013 10:05

Global Petroleum's Eagle Ford shale sale agreement completed

AIM-listed oil and gas exploration company Global Petroleum, has reported that the sale of its Eagle Ford Shale assets, has now completed. Through its wholly-owned subsidiary GP Exploration, Global Petroleum said that it had entered into a purchase and sale agreement with Millennial PDP Fund II

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28 May 2013 13:51

Global Petroleum poised to sell Eagle Ford Shale interests

Global Petroleum, the AIM-listed oil and gas exploration company focused on emerging plays in Africa, has reached an agreement with a private company to sell its Eagle Ford Shale(EFS) interests in Texas, USA. Earlier in the year, Global Petroleum appointed Dallas-based Moyes & Co to market its EFS

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28 May 2013 08:59

Global Petroleum sells interest in Eagle Ford Shale

Global Petroleum has reached a deal with Millennial PDP Fund II to sell its interest in the Eagle Ford Shale oil and gas development in Texas. The fund, a wholly owned subsidiary of Millennial Energy, will buy the stake for a cash consideration of $0.51m. The agreement comes after Global appointe

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28 May 2013 07:25

Tuesday broker round-up UPDATE

AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric

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13 May 2013 16:27

Deputy Chairman at Weir Group buys first stake

Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the

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14 Mar 2013 14:29

Global Petroleum records rise in half-year profits

Global Petroleum posted a jump in half-year pre-tax profits Thursday as oil production activities accelerated. Consolidated group profit before tax for the last six months of 2012 came to $224,976, up 1.0% from $222,695 a year earlier. Strong operational performance from the company's two Eagle Fo

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14 Jan 2013 08:04

Global Petroleum opens data room for prospective partners

Oil and gas exploration company Global Petroleum has opened a data room for selected prospective partners interested in its stake in its Namibian License. The news comes several months after Global announced its intention to farm down its 85% interest in the Namibian license ahead of further explor

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10 Sep 2012 14:21

Broker snap: Optimism fades after Chariot abandons another well

The news that Chariot Oil and Gas's Kabeljou exploration well was plugged and abandoned as a dry hole prompted most brokers on Monday to either downgrade or put their ratings for the stock under review and significantly reduce their target prices. The Africa-focused oil and gas firm said that the w

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23 Jul 2012 13:09

Resources round-up: Global Petroleum, Ariana, Edge Resources

AIM-listed oil and gas group Global Petroleum has finally completed the delayed interpretation of 2D seismic data in Petroleum Exploration Licence 29, offshore Namibia - in which it owns an 85 per cent interest - meaning that it can now concentrate on finding a suitable partner for the next phases o

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11 May 2012 16:34

XP Power Chairman buys up 4,000 shares

Larry Tracey, the Chairman of power controller manufacturer XP Power, treated himself to 4,000 shares in the company, despite the company last month warning that the global economic environment remains weak for the equipment which they manufacture. Tracey, who joined XP's board 22 years ago, bought

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3 May 2012 15:20

Lamprell director sells another load of shares

Scott Doak, the Integration and Development Director of Lamprell, the FTSE 250 oil and gas engineering firm, has once again diminished his stake in the firm, this time selling 200,000 shares. The sale, which follows his decision to drop 21,679 the previous week, was made in the same week the compa

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30 Apr 2012 10:32

Resource stocks round-up: ZincOx, Cadogan, Afferro...

ZincOx Resources says the initial production test at its Korean recycling plant saw production ramped up to 50% of capacity and produced zinc concentrate and direct reduced iron. The operation of the final piece of equipment, the hot briquetting machine, will occur during the next test run. While o

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15 Mar 2012 12:59

Resources round-up: Forte Energy, Ferrum, Gold Oil...

Forte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below t

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8 Mar 2012 08:31

Resources round-up: Global Petroleum, Trapoil, San Leon...

Trapoil, the North Sea gas and oil explorer, has reported that operations have begun on the Orchid exploration prospect, where it has a 15% interest. This marks the start of the firm's 2012 exploration programme, which it is currently intended will include the drilling of up to a total of seven well

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