Member Info for Oilspec

Total 3.66 billion Barrels , Well done guys who held , this baby is going fly 2moro.

Table 1 Oil & Liquids: MMbbls Gas: Bscf Gross Technical Prospective Resources Net Attributable Technical Prospective Resources Risk Factor Prospect Low Estimate Best Estimate High Estimate Low Estimate Best Estimate High Estimate POS (%) Operator OIL – MMbbls Gemsbok Main 318 1,091 2,581 270 927 2,194 12.3 Global Gemsbok Aeolian 66 330 1,296 56 281 1,102 5.4 Global Gemsbok Marine 63 323 945 53 275 803 8.8 Global Lion North 104 291 743 88 247 631 7.5 Global Lion South 290 823 2,105 247 700 1,789 7.5 Global Dik-Dik 224 805 1,969* 190 685 1,674* 5.0 Global TOTAL 1,065 3,663 9,639 904 3,115 8,193 Source: AGR TRACS review

15 January 2018 Global Petroleum Limited (“Global” or “the Company”) Namibian Interests – Competent Person’s Report Global Petroleum Limited (AIM: GBP, ASX: GBP) is pleased to announce that the recently commissioned Competent Person’s Report (“CPR”) on its Namibian Blocks 1910B and 2010A (Licence PEL0029) has now been completed by independent consultants AGR TRACS International Ltd (“AGR TRACS”). Prospective resources have been calculated on three prospects: Global’s primary structure, Gemsbok, as well as Dik-Dik and Lion. A total of 3.66 billion bbls of unrisked gross technical prospective resources (Best Estimate) has been estimated in the Blocks. Global holds a working interest of 85% and is operator for the Licence. Of particular note, the main Aptian Carbonate reservoir at Gemsbok has been estimated to have Best Estimate unrisked gross prospective resources of 1.1 billion barrels of oil with a probability of success (“POS”) of one in eight. The POS for the deeper Syn-Rift section at Gemsbok and the Lion and Dik-Dik prospects is lower than the main Carbonate resource at Gemsbok but the oil resource numbers are significant. Gemsbok, Lion and Dik-Dik are identified as dip-closed structural traps, which the Company regards as particularly compelling since previous large prospects identified by other Namibian operators have mainly been stratigraphic in nature. Oil seeps seen on satellite close to the mapped prospects and work on source rock maturity based on the recent 2D seismic mapping has further reduced the play risk, and it is expected that the POS will increase further following the planned acquisition of 3D seismic data. Global’s CEO, Peter Hill, commented: “We are delighted that AGR TRACS has confirmed the high level of prospectivity which we have identified on PEL0029 generally, and the Gemsbok prospect in particular which contains unrisked Best Estimate prospective resources of over a billion barrels. Following the Namibian Ministry of Mines and Energy’s agreement last year to extend Phase 2 of our Licence and assurance of subsequent entry into Phase 3, we now have the time and flexibility to find the right partner to progress further this exciting acreage.” For personal use only AGR TRACS Prospective Resource Estimates for PEL0029 are summarised in Table 1 below. The Prospective Resource Estimates have been estimated using probabilistic methods. Table 1 Oil & Liquids: MMbbls Gas: Bscf Gross Technical Prospective Resources Net Attributable Technical Prospective Resources Risk Factor Prospect Low Estimate Best Estimate High Estimate Low Estimate Best Estimate High Estimate POS (%) Operator OIL – MMbbls Gemsbok Main 318 1,091 2,581 270 927 2,194 12.3 Global Gemsbok Aeolian 66 330 1,2

Gemsbok over 1 billion Barrels

Total 3.66 billion Barrels

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01941211

I thought a rollover had to be a matching trade non of the trades match there all different sells numbers

If RNS on Monday ’this will rocket ,if no RNS you will see a good rise on monday which will continue all week till CPR comes out .GBP is getting more noticed now with a potential estimate in the billions and people will be taking positions before news, which is eminent .i can see the trading range between 4p to 5p before news is released .Come on guys old CPR 7 billion and new 2D done ,I think the CPR is going to be a blockbuster and it will turn heads ,every man dog and his cat will want a peace of GBP shares ,but they will have to pay a much higher price from today’s SP many X more . GBP will be the share of 2018 with highest SP rise just like BZM back in the day .The icing on the cake will be farmout with CPR . The CPR alone will be 15p to 20p can you imagine CPR with farmout what the SP will be :)

With GBP being silent for long the Suddenly out of the blue the sleeping giant woke up in 2017 9 Jan 2017 appointed Cantor Fitzgerald Europe to act as Nominated Adviser and Joint Broker to the Company with immediate effect. 24 Jan 2017 tells the market of new 2D to be done .14th March 2017 Company invited tenders for the new infill 2D seismic survey, and these tenders are currently being evaluated . 8th June 2017 GBP announce that it has entered into a contract with Seabird Exploration of Norway in order to acquire 834 km of full fold 2D seismic data covering Global's operated block (PEL 0029) in Namibia.16th October 2017 directors options granted Peter Hill 6,000,000 John Van Der Welle 1,000,000 Andrew Draffin 500,000 Garrick Higgins 500,00 18th October 2017 2D results Better imaging from the new 2D data reveals that the known source rock intervals are likely to be within the oil generative window and this, combined with data showing repeating oil seeps along the faulted flanks of Gemsbok, has greatly improved the chance of a major oil discovery. 18th October 2017 in the same RNS they tell us start of CPR . 31 October 2017 in rns Farmout is mentioned .The Company further announced that it has commissioned a Competent Persons Report ("CPR") in respect of its Namibian acreage and that it subsequently intends to launch a structured farmout process. 24th November 2017 Namibia Update - Licence Extension Granted, Entry into Second Renewal Period. The have done more in 1 year then the last 5 years combined. WHY such a rush and start to work at accelerated pace in 2017 . WHY ? I feel they were nudged by a some one big .

As I said in a previous post if we do not see CPR news next week my gut feeling tells there’s more that meets the eye . We will be in our 13th week with out CPR news don’t be surprised if a farmout comes with CPR in 1 RNS . Just a CPR rns with billion plus estimate will send it soaring between 15p to 20p as some have said on here which I agree with . A farmout and CPR RNS , I have no idea we’re the SP will go but you can be dam sure it will fly past 20p Just speculating and a gut feeling.

Am sure it’s 3 mill listed on the ASX that’s why small volumes of trades causes large jumps on small volumes.

They have all ready informed the market on what there plans are -from RNS-CPR which expected by end of year A CPR is an independent technical report on oil and gas assets. It is then the intention of the Company to launch a structured farmout process of its Namibian acreage with a view to seeking a partner to fund future operations on the block, commencing with 3D seismic. So don’t be surprised ,if CPR has been completed and they have launched a structured farmout and are in talks . They have all ready told us what there doing .Hence I think why we are on 12 weeks and no CPR news . RNS could read CPR completed with estimates and structured farmout has taken place and 3D will be taking please at this time .As I have said total speculation and guess work on my part . But it just could be that cuz it’s a big licence acreage CPR is taking time to calculate and it’s that simple . I am expecting CPR next week we will be on 13th weeks, if no CPR next week ,I think something is going on in the back round .As I have said this pure speculation and guess work on my part .

Something must have prompted GBP to open the chequebook and spend £750k on seismic, after being ideal all these years . With oil price going up and a lot of interest in the Walvis basin and old CPR showing billions estimates ,I feel they got a nudge from one of the big boys to spend there own money to do 2D do a CPR and get a 2 year extension .And what I find interesting is 3i energy CPR took 6 weeks to complete by AGR TRACKS who are doing GBP CPR , AGR average time with company’s they have done CPR time is about 6-8 weeks if you do some research you will see this . We are on 12 weeks which is a longtime and with GBP being dormant for so long ,I really do think they were nudged to do 2D,and CPR and Get extension ,which they have done all 3 now .Just speculating on my part but somethings going on and they have gone back to the people that gave them the nudge to do the 2D plus CPR and get a extension and that is why we’re on 12 weeks with out news on CPR . So don’t be to surprised if you get a CPR with farmout in one RNS I would not rule it out . The longer it goes on and we don’t get CPR news , I feel this is the case . As I said am just speculating on my part but 100% feel something is happening in the background .

Hi guys just a small investment in here ,why such the bigs sells at the end

10+ Was my opinion ,I I would agree with eyeguy when he says 15p to 30p on a CPR in billions estimate.

Gemsbok Is absolutely huge 7 billion on old CPR am looking forward big time to the CPR billions estimate and a multi X SP :)

Maestro the 2011 rns showed billions Gross Best Estimate Net to Global Best Estimate ------------ -------------------- ---------------------------- Structure A 4.30 billion boe 3.47 billion boe ------------ -------------------- ---------------------------- Structure B 5.00 billion boe 4.04 billion boe ------------ -------------------- ---- And now Advanced 2-D imaging Technology was used I feel CPR is going to be a massive resource estimate in the billions .

A Competent Person's Report was prepared by Oilfield International ('OIL') in April 2011 for the purposes of the acquisition of Jupiter Petroleum Limited by Global and was included in the Company's Notice for the General Meeting held on 19th August 2011 (available on the Company's website). Based on an examination of the limited historical data available, OIL identified two leads and estimated net attributable prospective resources to Jupiter/Global. � Global has subsequently acquired and interpreted more than 2,000 kms of purchased 2D seismic data from the 1990s. This confirmed the presence of the two leads (designated Structure A and Structure B), and revealed both their extent and configuration with much greater clarity. Table 1 presents Gross and Net Attributable Prospective Resources for the two leads, based on our interpretation of the 1990s' seismic (Note 1). Global's share is 85% (net of 5% government royalty). � Table 1 Gross and Net Attributable Prospective Resources for Namibia Licence 0029, Blocks 1910B and 2010A � Gross Best Estimate Net to Global Best Estimate Structure A 4.30 billion boe 3.47 billion boe Structure B 5.00 billion boe 4.04 billion boe � The interpretation of the 2D seismic has also confirmed the presence in Licence 0029 of several stratigraphic plays which could be of significant size.

Spread is deceiving bid 3.05p anything over 3.20 are all buys but showing as sells cuz ask is 3.50p

10P+ is my target to top slice on CPR news and have free shares longterm