Global Petroleum (GB:GBP) has released an update.
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Global Petroleum Ltd has completed a significant acquisition, securing a 70% interest in the Mineral Resource Exploration Licence EL08/3497 in Western Australia after a £200,000 payment. This strategic move is part of the company’s transformation agenda aimed at increasing shareholder value, with the new asset showing promising potential for mineral exploration. The company is advancing its exploration plans, including a site visit, and expects to provide updates on their progress.
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