Director/PDMR Shareholding

14 Nov 2006 17:43

Global Petroleum Ltd14 November 2006 Global Petroleum Exercise of Options 14 November 2006 Global Petroleum Limited advises that Directors have approved the allotment of2,000,000 fully paid ordinary shares as the result of a notice received from DrJohn Dennis Armstrong, Director to exercise part of the 8,000,000 options heldby him and due for expiry 30 June 2007. The exercise price of A$0.25cents (10.3pence) amounting to A$500,000 (£205,340) has been paid to the company, DrArmstrong is executive chairman of Global Petroleum Limited. The company has applied for 2,000,000 shares, no par value, to be admitted totrading on AIM. Such admission is expected on 20 November 2006. An applicationfor quotation of the new shares has been made to the ASX. The total number of Global ordinary shares quoted on the ASX and AIM followingthe exercise of the options will be 174,344,787. Des OllingCompany SecretaryGlobal Petroleum LimitedLevel 9, 46 Edward StreetBrisbane, Qld 4000Tel: (07) 3211 1122Fax: (07) 3211 0133Email: des.olling@globalpetroleum.com.au This information is provided by RNS The company news service from the London Stock Exchange