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Bid:

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Spread: 0.001 (5.882%)

Market Cap: £7.27m

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Uganda Update

6 Jan 2012 07:54

RNS Number : 1198V

Global Petroleum Ltd

06 January 2012

6 January 2012

RNS AIM release

Global Petroleum Limited - Uganda Update

Global Petroleum Limited ("Global") advises that following recent discussions with Tower Resources plc, it has chosen not to take up its option to participate in the third well planned on Uganda License EA5 ("EA5").

By agreement with Neptune Petroleum (Uganda) Limited (a wholly owned subsidiary of Tower Resources plc) in June 2010, Global had previously retained an option to earn an interest in EA5 as a result of contributing to the funding of the first two wells in the project, which is located in north western Uganda.

Enquiries:

Global Petroleum Limited
Peter Hill	Tel	+44 20 7867 8600
Managing Director and CEO

Damien Cronin	Tel	+61 7 3310 8732
Company Secretary	Email	global.info@globalpetroleum.com.au
Northland Capital Partners Limited (Nominated Adviser and Broker)
William Vandyk	Tel	+44 20 7796 8800

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSFSWMFESEIF

Date		Source	Headline
27th Oct 2008	5:03 pm	RNS	Director/PDMR Shareholding
22nd Oct 2008	7:00 am	RNS	Placing
14th Oct 2008	6:23 pm	RNS	Result of EGM
10th Oct 2008	12:00 pm	RNS	Appointment of Joint Broker
9th Sep 2008	7:00 am	RNS	Interim Results
1st Aug 2008	2:47 pm	RNS	Operational Update
19th Jun 2008	4:02 pm	RNS	Issue of Equity
16th Jun 2008	7:00 am	RNS	Acquisition
12th Jun 2008	7:00 am	RNS	Annual Report and Accounts
28th May 2008	4:29 pm	RNS	AGM Statement
22nd May 2008	3:01 pm	RNS	Holding(s) in Company
20th May 2008	2:28 pm	RNS	Holding(s) in Company
15th May 2008	7:00 am	RNS	Namibia and Uganda Update
6th May 2008	7:03 am	RNS	Tanzania - Licence Award
24th Apr 2008	7:00 am	RNS	Holding(s) in Company
8th Apr 2008	7:01 am	RNS	Final Results to 31 Dec 2007
7th Apr 2008	2:27 pm	RNS	Holding(s) in Company
25th Mar 2008	7:01 am	RNS	Change of Registered Office
7th Dec 2007	7:00 am	RNS	Uganda 2D seismic commences
19th Oct 2007	2:54 pm	RNS	Total Voting Rights
21st Sep 2007	8:26 am	RNS	Grant of options
20th Sep 2007	7:02 am	RNS	Namibia Farmout
20th Sep 2007	7:01 am	RNS	Interim Results
5th Sep 2007	7:02 am	RNS	Namibia Update
28th Aug 2007	1:51 pm	RNS	Uganda - Agreement With Orca
24th Aug 2007	4:59 pm	RNS	AIM Rule 26 Website
8th Aug 2007	10:03 am	RNS	Director/PDMR Shareholding
21st Jun 2007	4:38 pm	RNS	Holding(s) in Company
6th Jun 2007	12:41 pm	RNS	Result of AGM
3rd May 2007	10:10 am	RNS	Grant of Options
3rd May 2007	7:01 am	RNS	Final Results
22nd Mar 2007	9:53 am	RNS	Changes to Uganda Licence
21st Mar 2007	3:28 pm	RNS	Holding(s) in Company
15th Mar 2007	4:11 pm	RNS	Holding(s) in Company
9th Feb 2007	10:22 am	RNS	Board Changes
8th Feb 2007	7:00 am	RNS	Operational Update & Placing
1st Feb 2007	11:47 am	RNS	Result of EGM
9th Jan 2007	7:01 am	RNS	Notice of EGM
21st Dec 2006	7:01 am	RNS	Proposed Issue of Equity
19th Dec 2006	11:54 am	RNS	Voting rights and capital
5th Dec 2006	9:42 am	RNS	Directorate Change
20th Sep 2006	7:01 am	RNS	Interim Results to 30 June 06
18th Jul 2006	7:00 am	RNS	Company Activity Update
18th Jul 2006	7:00 am	RNS	Update on Company Activities
31st Mar 2006	7:01 am	RNS	Interim Results
1st Feb 2006	10:40 am	RNS	Directorate Change
12th Jan 2006	8:13 am	RNS	Sch 1 Update- Tower Resources
21st Dec 2005	1:00 pm	RNS	Acquisition
21st Dec 2005	1:00 pm	RNS	Restoration - Tower Resources
11th Aug 2005	7:00 am	RNS	Acquisition

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