Global Petroleum (GB:GBP) has released an update.
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Global Petroleum Limited has increased its ownership in the Exploration Licence 08/3497 in Western Australia from 70% to 80% by acquiring an additional 10% stake for £50,000. The company has made this strategic investment due to the Licence’s promising geophysical features similar to the significant Havieron discovery. Excitement is high as Global Petroleum and its joint venture partner, holding the remaining 20%, gear up to commence exploration activities this quarter.
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