Disposal

19 Dec 2005 09:28

Global Petroleum Ltd19 December 2005 19 December 2005 Global sells Falkland Gold and Minerals holding Global Petroleum Limited announces that it has sold its 10.1% holding inFalkland Gold and Minerals Limited (FGML). The sale was made at 10p per share or£791,000 (A$1.86m). The sale will supplement Global's cash resources to fund existing and potentialnew projects. In L5 and L7 in Kenya where Global has 20% equity, Global is fullycarried for the drilling of two wells. For further information: Global Petroleum LimitedDr John Armstrong Tel: +61 (0) 7 3211 1122 / +61 (0) 408 824 370john.armstrong@globalpetroleum.com.au Bell Pottinger Corporate & FinancialNick Lambert Tel: +44 (0) 7811 358 764 This information is provided by RNS The company news service from the London Stock Exchange