Annuncio • Apr 13
Geo Exploration Limited Provides Update on Western Australia Gold Projects Work Programme Geo Exploration Limited provided an update on planned exploration activities across its Western Australian gold portfolio, comprising the Gorge Project and the Juno Project. The Company's strategy is focused on advancing both projects through systematic exploration programmes aimed at defining drill-ready targets with drilling to commence thereafter across both projects. The Company is progressing a systematic exploration programme at the Gorge Project, focused on modern exploration techniques to refine priority target areas and advancing the project towards a maiden drilling campaign. Planned airborne geophysical surveys include: magnetic, radiometric, LiDAR and aerial photography surveys. These datasets will support detailed mapping of historical workings and deriving a litho-structural interpretation to assist target generation. Preferred contractors have already been identified and scheduled works are anticipated to commence in the Second Quarter 2026. Field-based geological activities will include validation of historical geochemical results, confirmation of historic workings and drill locations, and detailed mapping to better understand controls on mineralisation. Supporting logistical work, including access preparation and heritage surveys, will also be undertaken to facilitate forward geochemical and drilling programmes. These activities are anticipated to commence in the Second Quarter 2026. Given the presence of only shallow cover across parts of the project, an auger geochemical soil survey is proposed across the known mineralised trend of approximately 5km strike. This programme is anticipated to commence in the Third Quarter 2026 and is designed to define and prioritise targets for follow-up drilling, with flexibility to expand based on incoming results and ongoing interpretation. Maiden drilling programme consisting of Reverse Circulation (RC) and/or Air Core (AC) drill holes to test beneath known areas of surface gold mineralisation occurrences in addition to targets generated from proposed geochemical and geophysical surveys. Drilling activities will commence after the completion of heritage and government permitting. The Gorge Project (Exploration Licence E08/3737), located approximately 110km west of Paraburdoo in Western Australia, covers an area of 81 square kilometres within the Proterozoic aged Capricorn Orogen. GEO recently acquired the licence, through its 100% owned subsidiary Gorge Gold Pty Ltd. The Gorge project is considered highly prospective for large scale gold systems of Orogenic-type or Carlin-type. Limited historical exploration at Gorge has identified widespread gold mineralisation across the licence area. Gold occurrences have been recorded over approximately 5km of strike, supported by drainage, soil and rock chip sampling, historic workings, and alluvial and eluvial gold mining. Historical results include: Rock chip samples returning gold values up to 134g/t Au, Soil samples returning gold values up to 233g/t Au, Drainage sampling returning elevated gold values, Recovery of multiple gold nuggets from near surface, ranging from <2g to in excess of 100g. These results along with the proximity of the nugget recoveries suggests the potential presence of a primary bedrock gold source within the licence area. The Company believes exploration is a systematic, multi-programme learning process and further drilling is warranted to test for the presence of higher grade mineralisation within the large multi kilometre scale of the Juno geophysical target. The Company aims to develop a 3D geological model using recent drilling information to further refine targets for testing. Further geochemical studies using the collected multi-element assay and continuous XRF analysis data will be completed to determine if alteration zonation and pathfinder elemental signatures are evident that can be used to vector towards higher grade mineralisation. At present, the phase two drilling campaign at Juno will consist of one diamond drill hole to test additional targets generated from geophysical surveys previously completed by GEO. The diamond hole aims to test a high priority gravity anomaly, with an offset induced polarisation chargeability response positioned at an interpreted geological contact in the basement, located approximately 5km south of JUD001. All government and heritage permitting requirements are already in place enabling efficient mobilisation and providing flexibility to expand the programme as required. The Company is progressing towards a targeted drilling commencement in the Third Quarter 2026. The Juno Project comprises four contiguous licences, located approximately 100km south of Paraburdoo in Western Australia and covers an area of 644 square kilometres within the Proterozoic aged, Capricorn Orogen. The Company carried out its maiden drilling programme at the Juno Project during September and October 2025. Two diamond drill holes were successfully completed for c.1600m of drilling aimed to test for an Havieron style Proterozoic aged IRGS style deposit associated with the Juno geophysical anomaly. Gold and copper sulphide mineralisation, together with silver and zinc, was intersected in both drillholes. Mineralisation intersected in JUD001 and JUD002 may represent a peripheral position within a larger mineral system. The licences contain several geophysical targets with similar features to other known IRGS style deposits elsewhere in Western Australia. In addition, evaluation of these recent and historic drilling results indicates the potential for Abra style sedimentary hosted lead-silver-copper-gold deposits at the Juno project. New Risk • Mar 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.15m market cap, or US$8.18m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Jan 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£7.65m market cap, or US$10.3m). Annuncio • Jan 14
GEO Exploration Limited Announces Gorge Project - Completion of Acquisition and Namibia Update GEO Exploration Limited announced that it has now completed the final administrative steps relating to the acquisition of the Gorge Project, a highly prospective gold exploration licence located in Western Australia. The Company confirms that all final administrative requirements including ministerial consent relating to the acquisition of the Columbia Project have now been completed. This includes payment of the AUD 100,000 cash consideration and the issuance of 48,130,000 GEO ordinary shares at a price of PS0.004 per share, in accordance with the terms announced on 21 October 2025. The consideration shares have been issued and are subject to escrow arrangements with the Company's share registrar until 13 January 2027. The exploration licence will appear on the Western Australian DMIRS public register following completion of the standard regulatory application processing. In connection with the acquisition of the Gorge Project. the Company has agreed to issue 18,472,037 new ordinary shares to Mr. Callum Baxter in settlement of a consultancy fee at an issue price of PS0.00135 which is the closing share price on 12 January 2026. The consultancy fee represents AUD 50,000. Mr. Baxter provided material technical and commercial assistance in relation to the identification, evaluation and progression of the Gorge Project through to completion. The Gorge Project comprises granted Exploration Licence E08/3737, located approximately 110km west of Paraburdoo in Western Australia and covering an area of 81 square kilometres within the Capricorn Orogen. Historic exploration at Gorge has been limited and sporadic, however previous work has identified widespread gold mineralisation across the licence area. Gold occurrences have been recorded over approximately 5km of strike, supported by drainage, soil and rock chip sampling, historic workings, and alluvial and eluvial gold recovery. Historical results include: Rock chip samples returning gold values up to 134g/t Au; Soil samples returning gold values up to 233g/t Au; Drainage sampling returning elevated gold values; Recovery of multiple gold nuggets from near surface, ranging from <2g to in excess of 100g; These results along with the proximity of the nugget recoveries suggests the potential presence of a primary bedrock gold source within the licence area. Further details of historic activities and results can be found in the announcement dated 11 December 2025 - Gorge Project Update. Exploration Activities With the acquisition now completed, the Company is preparing systematic exploration activities at the Gorge Project. Planned work programmes will focus on modern exploration techniques designed to refine priority target areas and advance the project toward initial drilling following completion of required heritage and access activities. Namibia Update GEO has a material opportunity to deliver shareholder value from its 78% interest in Petroleum Exploration Licence 0094 in the Walvis Basin, offshore NW Namibia. This licence covers 5,798 square kilometres in water depths ranging from 450 metres to 1550 metres. In May 2025, GEO reported a material uplift in the gross mean prospective resources across the licence area to c.4.31 billion barrels. GEO's strategy is to secure a farm-out partner to fund and lead the next stages of exploration and development. Since the Company reported that it was in advanced discussions in late 2024, several new parties have accessed the data room. The Directors believe that activity with Chevron and others across the region has reinvigorated interest in PEL0094, particularly since October 2025. As a result, the Company remains in discussions with the interested party reported in 2024 pending fulfilment of certain financial conditions by that party. However, given the time elapsed since 31 December 2025, GEO reported that it has been completed. Annuncio • Jan 06
GEO Exploration Limited Announces Results from Recent Drillholes JUD001 and JUD002 Completed by the Company At the Juno Project GEO Exploration Limited announced results from recent drillholes JUD001 and JUD002 completed by the Company at the Juno Project. Results confirm mineralisation intersected in drillholes JUD001 andJUD002 with low tenor precious and base metals returned from laboratory analysis. The Juno project located in central Western Australia where the company is conducting exploration activities and has recently completed its maiden drill programme for Intrusion Related Gold System (IRGS) style deposits which host precious and base metal mineralisation. The Company has now fulfilled its capital commitment, as outlined in the 14 August 2024 RNS, in respect of the initial Juno work programme, which brings to a close the maiden drill campaign. Laboratory assay results were received prior to quarter end; however, release was deferred to allow for independent review and sign-off by a suitably qualified Competent Person ("CP"), as required under the AIM Rules and the JORC Code. The Company considered it important that this review was undertaken by a high-quality CP with detailed knowledge of the project. Due to the CP's availability over the festive period, the review was completed in early January, following which the results were available for release. New Risk • Jan 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£5.94m (US$8.03m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.94m market cap, or US$8.03m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Annuncio • Dec 17
Geo Exploration Limited has completed a Follow-on Equity Offering in the amount of £1.25 million. Geo Exploration Limited has completed a Follow-on Equity Offering in the amount of £1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 694,444,444
Price\Range: £0.0018
Transaction Features: Subsequent Direct Listing Annuncio • Nov 01
Geo Exploration Limited, Annual General Meeting, Dec 02, 2025 Geo Exploration Limited, Annual General Meeting, Dec 02, 2025. Annuncio • Oct 24
GEO Exploration Limited Announces Update on Drilling Activities at its Juno Project in Western Australia GEO Exploration Limited announced the following update on drilling activities at its Juno Project in Western Australia. Further to the drilling update provided on 19 September 2025, the Company advises that drill hole JUD002 is complete and drill core has been promptly dispatched to the laboratory for analytical work. Assay results are expected to be received by the Company during the current quarter. Drill hole JUD002 achieved a total depth of 774.7m and successfully intersected the targeted rock sequences. Good progress was made drilling JUD002 and the hole was completed in a professional and safe manner by the drill contractor. Drilling of both JUD001 and JUD002 advanced as planned, intersected the expected rock sequences and achieved adequate depths to assess targets in the drill hole locations. The Company is encouraged by the progress achieved to date at the project and will look to commence Phase 2 of drilling once the necessary approvals are in place, which are expected during the current quarter. Due to seasonal hot weather conditions, the Company will be drilling at Juno at the earliest opportunity in 2026. The Juno Project is a greenfield licence in a region that, historically, has seen very little modern exploration. GEO is among the first movers in this underexplored region, pursuing the opportunity to unlock what could become a district-scale discovery. Completion of JUD001 and JUD001 marks an important first step in building an understanding of the system at Juno, which spans an interpreted footprint of 4 km by 2 km. The Company remains committed to systematic, methodical exploration to fully evaluate the scale of this highly prospective target. Historical records show sporadic exploration was carried out across the Gorge licence in the mid to late 1980s and late 2000s. This work identified several areas of gold mineralisation at surface over a strike length of approximately 5km. In the mid to late 1980s broad spaced stream sediment sampling, soil sampling, rock chip sampling, and Rotary Air Blast (RAB) drilling was completed within the licence area. Drainage sampling returned gold results including 192ppb and 75ppb and was successful in outlining several areas hosting gold mineralisation at surface. Rock chip sampling at these areas returned gold up to 62.2g/t from quartz veins and 35.7g/t from calcareous sediments. Soils returned up to 233.3g/t gold and shallow RAB drilling of seven holes returned highest result of 36g/t gold. Follow up work in the late 2000s included ground reconnaissance and sporadic rock chip sampling. Rock chip results peaked at 134g/t gold and mineralisation was identified over more than 5 kilometres of strike. Several historical hard rock gold workings with associated alluvial and eluvial areas were located within this zone. A number of alluvial areas were also identified that has no related historical hard rock workings. New Risk • Oct 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (UK£15.2m market cap, or US$20.4m). Annuncio • Sep 08
Geo Exploration Limited has completed a Follow-on Equity Offering in the amount of £1.109 million. Geo Exploration Limited has completed a Follow-on Equity Offering in the amount of £1.109 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 277,250,000
Price\Range: £0.004
Transaction Features: Subsequent Direct Listing Annuncio • Jul 25
Geo Exploration Limited Completes Ground Based Electrical Geophysical Programs At the Juno Project GEO Exploration Limited announced that its wholly owned subsidiary Juno Gold Pty Ltd. ("Juno Gold") has completed ground based Electrical Geophysical programmes at the Juno Project. The Juno Project is located in central Western Australia where the company is conducting exploration for large Intrusion Related Gold Systems ("IRGS") which host precious and base metal mineralisation. The Electrical Geophysical programmes comprised Induced Polarisation ("IP") and Electromagnetics ("EM") and was carried out over the northern parts of the project area.ipole-Dipole IP was carried out to detect subsurface electrically chargeable and electrically resistive bodies at depth. IRGS type mineralisation can demonstrate a chargeable or resistive response relative to host rock and IP can be used as a direct detection method enabling more robust drill targeting. The survey was acquired using a dipole-dipole array with 200m receiver and 400m transmitter dipole with 200m station locations. 3D model bodies from RNS dated 28 May 2025. The geophysical responses observed are consistent with an intrusive body causing the magnetic and gravity responses. This has upgraded the project from an IRGS perspective. The IP and EM responses occur on the contact margins of the interpreted intrusive which is consistent with an IRGS system whereby sulphide mineralisation may develop on the margins of the intrusive due to redox reactions with metasediments and structural controls that may focus metal bearing fluids. Four diamond drillholes have been designed to test the best parts of the Juno target based on spatially accurate geophysical models derived from integrated gravity, magnetics, IP and EM data. These drillholes will test the more favourable parts of the magnetic and gravity bodies that have been modelled with a high degree of confidence, and the contact margins of the interpreted intrusion that shows positive IP and EM responses. These maiden holes for the Company at the Juno Project will be drilled to depths of between 750m and 1000m and are planned to be vertical. Commencement of drilling is scheduled for the current quarter. Modelled 3D magnetic and gravity bodies with Fixed Loop EM conductors and proposed diamond drillhole locations. 3D model bodies by RNS dated 28 May 2025". Annuncio • Jun 03
GEO Exploration Limited's Subsidiary Juno Gold Pty Ltd Commences Ground Based Electrical Geophysical Programme at the Juno Project GEO Exploration Limited announced that its wholly owned subsidiary Juno Gold Pty Ltd. has commenced ground based Electrical Geophysical programmes at the Juno Project. The Juno Project is located in central Western Australia where the company is conducting exploration for large Intrusion Related Gold Systems (IRGS) which host precious and base metal mineralisation. The Electrical Geophysical programmes comprise Induced Polarisation (IP) and Electromagnetics (EM) and will be carried out over the northern parts of the project area. Dipole Dipole IP will be carried out to detect subsurface electrically chargeable and electrically resistive bodies at depth. IRGS type mineralisation can demonstrate a chargeable or resistive response relative to host rock and IP can be used as a direct detection method enabling more robust drill targeting. The Company will also complete a programme of moving loop EM at the Juno project. EM will commence following completion of IP. The EM method allows detection of electrically conductive bodies at depth and provides for spatial modelling of the location of those bodies. Comparison of IP and EM models allows characterisation of the potential mineralisation type, for example disseminated sulphide mineralisation versus massive sulphide mineralisation. Several lines of Dipole Dipole IP and moving loop EM will be collected and the data will be modelled with modern geophysical software. Data collection and modelling is expected to be complete in the coming weeks. Modelled IP and EM data will be integrated with existing magnetic and gravity models as previously announced on 28 May 2025. Final models will provide locations for GEO's maiden drill holes at Juno Project. Annuncio • May 29
GEO Exploration Limited Announces Positive Results of Geophysical Modelling at its Juno Project GEO Exploration Limited announced positive results of geophysical modelling at its Juno project. The Juno project is located in central Western Australia where the company is conducting exploration for large Intrusion Related Gold Systems (IRGS) which host precious and base metal mineralisation. Between late 2024 and early 2025, the Company collected airborne geophysical and ground-gravity data at the Juno Project; results were announced on 16 January 2025 (RNS) and showed a significant gravity response at Juno, aligning with a prominent magnetic feature, covering an area of 4km x 2km. This alignment (coincident response) is a typical signature of IRGS style mineralisation. The detailed magnetic and gravity data sets have recently been further integrated and modelled to refine IRGS type mineralisation targets with accurate 3D spatial definition. Encouraging results have been achieved from independent unconstrained and forward modelling techniques demonstrating the large size of the target and robust data set. These results are consistent with preliminary reviews completed in early 2025. Forward Modelling of the detailed magnetic and gravity data sets was carried out independently during April and May 2025. This modelling technique is the same used for the Havieron IRGS deposit (+8Moz gold equivalent) prior to drilling of discovery holes during 2018. Results of forward modelling at Juno define a chain of contiguous bodies over a strike of several kilometres which are considered the primary target. Model bodies from Forward Modelling sit tightly within the envelope of the Unconstrained Model bodies. That is, the output of the two independent modelling techniques are aligned, providing a high degree of confidence in the output. A very good fit for magnetic and gravity data was seen in the Forward Modelling model body profiles. Depth to top of primary target modelled bodies is approximately 600m below surface showing that a historic deep drillhole (PHD001) was terminated just short of the primary target despite showing proximal alteration and sulphide mineralisation suggesting 'close to source'. The Company is using an IRGS exploration model seeking to locate precious and base metal mineralisation, similar to that at the Havieron and Telfer deposits in northern Western Australia. Activities at Juno to date include recently announced aeromagnetics, lidar, ground gravity, and unconstrained and forward modelling of data. Ongoing work at Juno will include ground based electrical geophysical surveys to detect subsurface conductive material. Models derived from the exploration data sets will enable enhanced targeting of drillholes in advance of the Company's initial drilling programme at Juno. Callum Baxter, Geo's joint venture partner commented: "It is very pleasing that modelling has provided excellent results in targeting efforts for IRGS style mineralisation at Juno. The detailed data sets recently collected have allowed the generation of robust 3D models which demonstrate the large size of the Juno target. Annuncio • May 22
GEO Exploration Limited Announces the Results of an Independent Geoscience Evaluation of Licence PEL 94, Offshore Namibia GEO Exploration Limited announced the results of an independent geoscience evaluation of Licence PEL 94 (Block 2011A), offshore Namibia. The study has greatly enhanced understanding of the potential in the eastern portion of PEL94 and it has identified two new sandstone leads - Emerald (in the Albian) and Beryl (in the Cenomanian). The work confirms substantial upside and a materially de - risking resource base. The evaluation concludes that Emerald and Beryl together contain 792 MMbbl of unrisked gross mean prospective resources, with 726 MMbbl attributable to Emerald and 66 MMbbl to Beryl. At GEO's 78% working interest this equates to 618 MMbbl of net mean resources, while the assigned weighted Geological Risk Factor (or geological chance of success) yields 103 MMbbl of risk - adjusted net mean resources. The 5798 km2 licence area sits within the Walvis Basin "sweet - spot, " an area benefiting from improved charge maturity modelling, while recent world - class discoveries in the Orange Basin to the south (Venus, Mopane, Capricornus) highlight the prolific nature of Namibia's Atlantic margin. Annuncio • Jan 16
Global Petroleum Limited Provides an Update on Juno Project in Western Australia Global Petroleum Limited announced the delivery of final data for ground gravity for the Juno Project in Western Australia, further to its announcement on 25 November 2024. Analysis of the gravity data has confirmed a significant residual gravity response at Juno, aligning with the prominent magnetic feature previously identified. This critical alignment represents a typical signature of Intrusion Related Gold System (IRGS) mineralisation, analogous to the Havieron deposit model, which has delivered exceptional gold-copper results in the Paterson Province of Western Australia. Ground gravity data was collected over the central north of the Juno Project area from late November to mid December 2024. A total of 1400 ground gravity observations were taken at station spacings of 400m x 200m, and 200m x 200m where added resolution was required. Post processing and imaging of the gravity data was completed during late December 2024 and early January 2025. Delivered products include high resolution raw and residual gravity data. It is encouraging that the newly acquired 2024 ground gravity data has successfully confirmed the gravity response that was initially suggested by the historic work from the 1990s. Importantly, the Company's recent detailed and spatially accurate gravity work has successfully identified a significant residual gravity response that is coincident with the large magnetic response at Juno (Figure 1). The residual gravity response covers an area of approximately 4km x 2km (8sq kms) with a peak amplitude of 2mgal. The magnetic feature covers an area of approximately 5km x 2km (10sq kms) with a peak response of +1000nT. Coincident magnetic and gravity response of this size and amplitudes is consistent with IRGS and IOCG (Iron Oxide Copper-Gold) type deposits. The Company is targeting IRGS type mineralisation at Juno. By comparison, Havieron, a large IRGS gold and copper deposit (+8Moz gold equivalent) located in the north of Western Australia, displays a 1km x 1km (1 sq km) magnetic response with a coincident gravity response peaking at 0.5mgal. The intensity of the gravity response at Juno is more elevated than Havieron, and the footprint of the coincident response at Juno is several times larger which illustrates the significant size of the opportunity at Juno. Several historic exploration holes have been attempted at Juno since the mid 1990s to the early 2000s (Figure 2). Several holes targeted the large Juno magnetic feature but failed to reach the target depth due to limited capacity drilling equipment. Modern drilling equipment has the ability to overcome these earlier shortcomings, and advanced modelling of detailed subsurface geophysical data provides accurate 3D models for efficient drill targeting. Global's Joint Venture Partner Callum Baxter will utilise the same world class team he used for Havieron to conduct further ongoing work at Juno which will include unconstrained and forward modelling of the Company's detailed magnetic and gravity data along with ground based electrical geophysical surveys to detect subsurface conductive material. Models derived from these data sets will enable enhanced targeting of drillholes in advance of the Company's initial drilling programme at Juno. Annuncio • Jan 10
Global Petroleum Limited has completed a Follow-on Equity Offering in the amount of £0.05105 million. Global Petroleum Limited has completed a Follow-on Equity Offering in the amount of £0.05105 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,688,888
Price\Range: £0.00225 New Risk • Jan 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.16m (US$8.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.16m market cap, or US$8.94m). Annuncio • Dec 16
Global Petroleum Limited Appoints Azib Khan as Executive Director and Chief Commercial Officer Global Petroleum Limited announced the appointment of Azib Khan as Executive Director and Chief Commercial Officer ("CCO") with immediate effect. Azib previously served as a Non-Executive Director of the Company and has been instrumental in driving key initiatives throughout the year. Azib's leadership has been pivotal to the acceleration of the Juno Project and progress on seeking to farm out on the PEL94 front. His expanded role as CCO will enable him to further drive these strategic initiatives and deliver value for shareholders. Azib is a prominent figure in the Australian financial markets, whose insights and analysis have regularly featured in Australian and global financial press, including the Australian Financial Review, The Australian, Bloomberg and Reuters. His deep focus on shareholder value creation will significantly enhance Global's ability to achieve disciplined growth. This appointment underscores Global's commitment to strengthening its leadership team as it continues to execute its strategic priorities and deliver on its growth objectives. Annuncio • Dec 05
Global Petroleum Limited Announces Management Changes Global Petroleum Limited announced the appointments of Brian Chu (aged 42) to the Company's board of directors ("Board") as Non-Executive Director and Company Secretary. Andrew Draffin has retired from board effective immediately in his role as Non-Executive Director to focus on his financial services business and will remain as Co-Company Secretary for a transition period of three months until March 5, 2025, thereafter Brian Chu will be sole Company Secretary. Brian brings a wealth of experience in finance, investment analysis, and academic leadership. He is the Founding Director of the Australian Gold Fund, focusing on research and investment in ASX and NYSE-listed gold mining companies. Additionally, Brian is the Precious Metals Editor at Fat Tail Investment Research, where he analyses gold markets and mining companies, producing investment reports and hosting industry discussions. Brian began his career in actuarial consulting and progressed to roles in academia, including serving as an Adjunct Assistant Professor in Finance and Financial Modelling at SP Jain College of Global Management. He has also contributed to the development of university-level finance and actuarial courses in Australia. Brian holds a Master of Commerce (Actuarial Studies), a Bachelor of Applied Finance, and a Bachelor of Commerce (Actuarial Studies) from Macquarie University. He was an Associate of the Institute of Actuaries of Australia from 2006 to 2021. Annuncio • Nov 14
Global Petroleum Limited Announces Results of an Airborne Aeromagnetic Survey At Juno Global Petroleum Limited announced further to the announcement on 7th October and 9th October 2024, results of an Airborne Aeromagnetic Survey at Juno. The Company's main focus at Juno is targeting Intrusion Related Gold Systems (IRGS) similar to Havieron and Telfer. Havieron and Telfer are large gold and copper deposits located in the north of Western Australia. Gold and copper mineralisation at Havieron was discovered following exploration drilling of a strong discrete magnetic feature. Havieron also displays a coincident gravity response. Newly acquired 50m line spaced data overlayed on historic 400m line spaced data. Global has targeted the northern parts of E08/3497 as its initial area of focus. Processing and imaging of aeromagnetic data covering the northern portion of the main Juno magnetic feature is complete. Imaging has revealed the data is of high quality and very detailed in nature. The new aeromagnetic data confirms the location, highlights the strong intensity and verifies the large size of the Juno magnetic feature. This new detailed aeromagnetic data reveals structures and other features not seen in historical, lower resolution, magnetic data. The aeromagnetic survey was carried out during October 2024 using a fixed wing aircraft at 50m line spacing. Further work is scheduled for aeromagnetic data for the southern parts of the project and then unconstrained modelling of the aeromagnetic data. Global is concurrently planning work programmes including detailed gravity, lidar and electromagnetics. Forward modelling of magnetic data and gravity data will be completed once data acquisition is complete. Following completion of these programmes targeting of initial exploration drill holes will be prioritised. Annuncio • Nov 13
Global Petroleum Limited, Annual General Meeting, Dec 05, 2024 Global Petroleum Limited, Annual General Meeting, Dec 05, 2024. Location: spaces, the porter building, 1 brunel way, sl1 1fq, slough United Kingdom Annuncio • Oct 24
Global Petroleum Limited Announces Resignation of Yu from the Board Global Petroleum Limited announced board change. The resignation of Ms. Yu with immediate effect. The company notes that Ms. Yu was declared bankrupt on 21 October 2024. New Risk • Oct 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (UK£8.30m market cap, or US$10.8m). Annuncio • Sep 19
Global Petroleum Limited Appoints Omar Ahmad as Chief Executive Officer Global Petroleum Limited announced the appointment of Omar Ahmad as Chief Executive Officer. Omar Ahmad has extensive experience in leading family offices and a substantial background in AIM and Small Cap market investments. He has been a Professional HNW Equities Investor for the last ten years and has cornerstoned a multitude of fundraises providing strategic guidance and market expertise to boards of AIM and Main Market companies. He has a proven record of identifying "early door" opportunities especially in the mineral resource and commodity sector with a focus on maximising long-term returns. Omar has vast experience in investing in equities and foreign exchange markets and currently is CEO of a multi-asset family office based in the Middle East. Omar holds a Degree from Imperial College London and is an Associate of the Royal College of Science. Omar Ahmad (aged 41): Current directorships or partnerships: Amel DWC LLC and K.O Developments Limited. Previous directorships or partnerships (in the last five years): Argentari Capital LLC. Annuncio • Aug 20
Global Petroleum Limited has completed a Follow-on Equity Offering in the amount of £0.85 million. Global Petroleum Limited has completed a Follow-on Equity Offering in the amount of £0.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 923,076,923
Price\Range: £0.00065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 384,615,385
Price\Range: £0.00065 Annuncio • Aug 15
Global Petroleum Limited has filed a Follow-on Equity Offering. Global Petroleum Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 923,076,923
Price\Range: £0.00065
Security Name: Ordinary Shares
Security Type: Common Stock
Price\Range: £0.00065 Annuncio • Mar 12
Global Petroleum Limited Announces Resignation of Executive Chairman, Daniel Page as Director Global Petroleum Limited announced that Executive Chairman, Daniel Page has tendered his resignation as a Director of the Company with immediate effect. Annuncio • Dec 06
Global Petroleum Limited, Annual General Meeting, Dec 28, 2023 Global Petroleum Limited, Annual General Meeting, Dec 28, 2023, at 09:00 Coordinated Universal Time. Location: One Carter Lane, London, United Kingdom London United Kingdom New Risk • Dec 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.7m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.20m market cap, or US$1.52m). Annuncio • Nov 29
Global Petroleum Limited Announces Board Changes Global Petroleum Limited announced the appointment of new Executive Chairman Daniel Page to the board with immediate effect. Also appointed to the board with immediate effect are Cecilia Yu as Executive Director and Azib Khan as a non-Executive Director. Mr. Andrew Draffin will continue as a non-Executive Director and Company Secretary. Following this agreement, it is also noted that Mr. Peter Hill, Mr. John van der Welle and Mr. Garrick Higgins have resigned from the Company's Board with immediate effect. The outgoing Directors, in order to assist the incoming Board with the conservation of funds, have agreed to waive all outstanding past and present remuneration and fees, including those relating to contractual notice periods. Dan has more than 23 years of experience across the financial services sector. He spent the first third of his career in Investment Banking with Deutsche Bank and Goldman Sachs where he focussed predominantly on the Credit Derivative markets. His move into the buy side saw him spend 7 years with the Bedrock Group in a variety of roles as a GP and LP before co-founding the firm's technology led platform business, BRT. Dan then went on to build an Enterprise Risk Management consultancy which was assumed by KPMG where he led the Asset Management Advisory Practice across EMEA for a further 9 years. As a practice under Dan's tenure AMA was at the forefront of advisory forward value creation. Dan continues to leverage that experience to help firms build elite commercial organizations and achieve superior results for investors. Cecilia has 15 years of experience across the financial service industry. She began her career as a structured credit trader at Citigroup and JP Morgan, before moving on to help building out what became one of the leading structured credit hedge funds, Serone Capital. During her decade in trading and investing, her primary focus was in structured credit solutions credit synthetics, and macro credit. Since then, she built out and headed the capital markets function at Prytek, a multi-billion-dollar private equity holding company, where she executed and syndicated multiple cross-border buyout transactions in the fintech space.She has advised multiple fintech ventures both in the trad-fi and blockchain space, and currently is Head of Markets at Deep Knowledge Group, a longevity, deeptech, fintech consortium. Azib has covered the banking sector since 2006, most recently as the lead banking analyst at Morgans Financial for six years prior to joining E&P Financial Group Limited. Prior to Morgans, Azib covered the Australian banks and diversified financials primarily at BBY and Wilson HTM. Azib began his career as an Actuarial Consultant at PricewaterhouseCoopers, consulting to banks and general insurers. Azib is an Associate of the Institute of Actuaries of Australia (AIAA) and has a Bachelor of Commerce - Actuarial Studies from Macquarie University. He is resident in Australia. New Risk • Oct 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 3.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£935.3k market cap, or US$1.13m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Oct 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.74m market cap, or US$2.12m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Sep 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.8m free cash flow). Earnings have declined by 3.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.61m market cap, or US$2.03m). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Price Target Changed • Mar 28
Price target increased by 49% to UK£0.014 Up from UK£0.0095, the current price target is provided by 1 analyst. New target price is 416% above last closing price of UK£0.0027. Stock is down 48% over the past year. The company posted a net loss per share of US$0.0021 last year. Price Target Changed • Nov 16
Price target decreased to UK£0.0095 Down from UK£0.012, the current price target is provided by 1 analyst. New target price is 159% above last closing price of UK£0.0037. Stock is down 37% over the past year. The company posted a net loss per share of US$0.0021 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Garrick Higgins was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 10
Global Petroleum Limited, Annual General Meeting, Dec 02, 2022 Global Petroleum Limited, Annual General Meeting, Dec 02, 2022, at 11:30 AUS Eastern Standard Time. Location: DW Accounting & Advisory, Level 4, 91 William Street Melbourne Victoria Australia Board Change • Jul 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Garrick Higgins was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 08
The National Petroleum Corporation of Namibia and Its Partners, Shell Namibia Upstream B.V and Qatar Energy Announces That the Graff-1 Deep-Water Exploration Well Has Made A Discovery of Light Oil in Both Primary and Secondary Targets The National Petroleum Corporation of Namibia and its partners, Shell Namibia Upstream B.V and Qatar Energy announced that the Graff-1 deep-water exploration well has made a discovery of light oil in both primary and secondary targets. The Graff-1 well has proved a working petroleum system for light oil in the Orange Basin, offshore Namibia, 270 km from the town of Oranjemund. Drilling operations commenced in early December 2021 and were safely completed in early February 2022. In the coming months, the company will perform extensive laboratory analyses to gain a better understanding of the reservoir quality and potential flow rates achievable. Whilst the company can learn a great deal from the results of Graff-1, The company anticipates that further exploration activity, including a second exploration well, will be required to determine the size and recoverable potential of the identified hydrocarbons. The NAMCOR Announcement states that the Graff-1 deep-water exploration well in the Orange Basin offshore Namibia has made a discovery of light oil in both primary and secondary targets ("Graff-1 discovery"), and that the Graff-1 deep-water well has proved a working petroleum system for light oil in the Orange Basin, offshore Namibia. Global believes that the Graff-1 discovery has positive implications for the Company's PEL 94 licence, which is situated approximately 1,000km north of the Graff-1 discovery: The Graff-1 discovery clearly has the potential to underpin a new petroleum province offshore Namibia, which Global's model predicts to extend to PEL 94, further north in the Walvis Basin. Graff-1 has demonstrated for the first time in the history of Namibian offshore exploration that valid hydrocarbon-bearing reservoirs with viable traps are present and that potentially commercial volumes of oil are capable of migrating into them. Both Marula - Global's primary prospect in PEL 94 - and the Graff discovery are stratigraphic traps with late Cretaceous, deep water sandstone reservoirs. Both the Graff-1 discovery and Global's prospects and leads in PEL 94 are interpreted by the Company to be sourced with oil from the Barremian-Aptian Kudu Shale. This source rock has been proven in the Orange Basin by wells previously drilled there. The Company's work has demonstrated that the Aptian source rock is likely to be present and charging its prospects and leads in PEL 94 with oil. A major factor in field development economics are water depths and subsurface drilling depths, which are significantly less in PEL 94 compared to those at Graff-1 and at TotalEnergies' Venus-1 well, currently being drilled. Global's internal economic modelling concludes that its two primary prospects, Marula and Welwitschia Deep, would be robust economic projects in the event of successful exploration drilling. Annuncio • Feb 03
Global Petroleum Limited Announces Death of Peter Blakey, Non-Executive Director Global Petroleum Limited announced the death of Peter Blakey, major shareholder and Non-Executive Director of the Company. Annuncio • Jan 28
Global Petroleum Limited Announces updated estimate of Prospective Resources for PEL0094 Global Petroleum Limited announced its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed. Global holds a working interest of 78% in PEL0094, and is operator. The additional Prospective Resources, which are in the east of PEL0094, consist of 7 new leads with a total unrisked gross Prospective Resources (Best Estimate) of 2,048 million barrels of oil ("barrels"). As previously reported in July 2020, the pre-existing prospects - Marula and Welwitschia Deep - contain a total of 881 million barrels, making a new total on the licence of 2,929 million barrels unrisked gross Prospective Resources (Best Estimate). Regarding the Prospective Resources attributable to Global, the total unrisked net Prospective Resources (Best Estimate) now total 2,284 million barrels compared with the previous number of 687 million barrels net to Global for Marula and Welwitschia Deep alone. This means that the total unrisked net Prospective Resources (Best Estimate) - both gross and net - are over three times as large, due to the new leads identified. On a risked basis, Prospective Resources have approximately doubled. Annuncio • Dec 18
Global Petroleum Limited Provides Namibian Licence PEL0094 Update Global Petroleum Limited announced Namibian Licence PEL0094 Update. Further to its announcement of 3 December, the Company reported that the interpretation of the seismic data recently acquired, notably the 2D seismic data over the relatively under-explored eastern part of PEL0094 (Block 2011A), is progressing well. The Company expects the interpretation of this data to enhance significantly the prospectivity already identified in this area. Given the progress made, the Company expects to be able to publish an updated Prospective Resources estimate for PEL0094 in the latter part of January 2021. The Company is also pleased to confirm that the farm out process for PEL0094 has now commenced. Global is currently contacting potentially interested companies and the data rooms will open in January 2021. Annuncio • Dec 11
Global Petroleum Limited, Annual General Meeting, Jan 07, 2021 Global Petroleum Limited, Annual General Meeting, Jan 07, 2021, at 11:30 AUS Eastern Standard Time. Location: DW Accounting & Advisory, Level 4, 91 William Street Melbourne Victoria Australia Annuncio • Jul 09
Global Petroleum Delisted from Official List of the Australian Stock Exchange Global Petroleum Limited (ASX:GBP) announced that following the Company's delisting from the official list of the Australian Stock Exchange at close of trading on 8 July 2020, its security holders will continue to be able to access continuous disclosure material through the Company's normal investor communications channels. The information will be released via Announcements on the Alternative Investment Market of the London Stock Exchange, as well as the dedicated section of the Company's website www.globalpetroleum.com.au\investors.