Global Petroleum (GB:GBP) has released an update.
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Global Petroleum Ltd has announced an extension of the interest-free loan agreement with CEO Omar Ahmad until September 2025, aimed at bolstering working capital for advancing exploration activities in Western Australia and finalizing a farm-in agreement in Namibia. The move, considered fair by independent directors, underscores the company’s commitment to shareholder value and its strategic focus on key exploration projects. Investors are promised further updates on these developments.
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