Last A$0.07 AUD
Change Today +0.003 / 4.29%
Volume 2.5K
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As of 11:25 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

global petroleum ltd (GBP) Snapshot

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03/21/14 - A$0.13
52 Week Low
06/19/14 - A$0.07
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global petroleum ltd (GBP) Details

Global Petroleum Limited explores, develops, and produces oil and gas properties in Africa. It primarily holds 85% participating interest in the Namibian project comprising offshore blocks 1910B and 2010A with an area of 11,730 square kilometers located in the Republic of Namibia. The company is headquartered in Brisbane, Australia.

global petroleum ltd (GBP) Top Compensated Officers

Chief Executive Officer, Managing Director, C...
Total Annual Compensation: A$382.2K
Compensation as of Fiscal Year 2013.

global petroleum ltd (GBP) Key Developments

Global Petroleum Ltd. Reports Consolidated Cash Flow Results for the Third Quarter and Year to Date Ended March 31, 2014

Global Petroleum Ltd. reported consolidated cash flow results for the third quarter and year to date ended March 31, 2014. For the quarter, the company reported net operating cash out flows of AUD 668,000. For the year to date, the company reported net operating cash out flows of AUD 2,899,000.

Global Petroleum Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013

Global Petroleum Limited reported unaudited consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported loss from operating activities of $1,948,300 compared to $1,603,774 a year ago. Loss before income tax was $1,625,788 compared to $1,186,574 a year ago. Loss from continuing operations after tax was $1,625,788 or 0.81 cents basic and diluted per share compared to profit from continuing operations after tax of $254,681 or 0.13 cents basic and diluted per share a year ago. Basic and diluted loss per share was 0.81 cents compared to basic and diluted earnings per share of 0.11 cents a year ago. Net cash used in operating activities was $892,810 compared to $1,152,796 a year ago. Exploration and oil and gas assets expenditure was $1,338,100 compared to $794,023 a year ago.

Global Petroleum Limited Announces Executive Changes

The Board of Global Petroleum Limited announced that Mr. John Alexander van der Welle has been appointed to the Board of Directors as non-executive Chairman with immediate effect. John van der Welle is a chartered accountant with 30 years' experience in the oil and gas industry and is currently a non-executive director of Hurricane Energy plc and Lekoil Limited. John has previously been a senior executive with, or director of Enterprise Oil, Hardy Oil and Gas, Premier Oil, First Calgary Petroleums and Stratic Energy Corp. John was also a non-executive director of Madagascar Oil from its IPO on AIM in 2010 until December 2012. Mr. Peter Taylor, who has been acting non-executive Chairman, will now resume his role of non-executive director.


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