Global Petroleum reassures shareholders over Italy hydrocarbons review
15th Feb 2019 09:59
(Sharecast News) - Global Petroleum updated shareholders on Friday, following the Italian government's proposed suspension of all hydrocarbon exploration activities, including permit applications , for a period of 18 months.
Read moreGlobal Petroleum upbeat after Rome tribunal rejects two appeals
30th Nov 2018 15:53
(Sharecast News) - Global Petroleum announced on Friday that two appeals against the Environmental Decrees for its applications in the Southern Adriatic had been rejected by the Administrative Tribunal In Rome.
Read moreGlobal Petroleum remains confident of Namibian asset's value
2nd Oct 2018 12:59
(Sharecast News) - Global Petroleum told investors on Tuesday that it had been encouraged by results from a recent study on the viability of its offshore Namibia oil portfolio.
Read moreGlobal Petroleum to acquire offshore Namibia block
19th Sep 2018 14:54
(Sharecast News) - Global Petroleum has signed a petroleum agreement to acquire Block 2011A offshore Namibia, it announced on Wednesday.
Read moreSOCO Chairman buys shares after recent stock weakness
31st Mar 2014 16:00
Rui de Sousa, the long-running Non-Executive Chairman of SOCO International, has raised his stake through the purchase of 50,000 shares, taking advantage of the recent slump in the oil and gas explorer's share price. De Sousa, who has been on the board of the FTSE 250 firm since 1999, snapped up th
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreGlobal Petroleum's Eagle Ford shale sale agreement completed
11th Jun 2013 10:05
AIM-listed oil and gas exploration company Global Petroleum, has reported that the sale of its Eagle Ford Shale assets, has now completed. Through its wholly-owned subsidiary GP Exploration, Global Petroleum said that it had entered into a purchase and sale agreement with Millennial PDP Fund II
Read moreGlobal Petroleum poised to sell Eagle Ford Shale interests
28th May 2013 13:51
Global Petroleum, the AIM-listed oil and gas exploration company focused on emerging plays in Africa, has reached an agreement with a private company to sell its Eagle Ford Shale(EFS) interests in Texas, USA. Earlier in the year, Global Petroleum appointed Dallas-based Moyes & Co to market its EFS
Read moreGlobal Petroleum sells interest in Eagle Ford Shale
28th May 2013 08:59
Global Petroleum has reached a deal with Millennial PDP Fund II to sell its interest in the Eagle Ford Shale oil and gas development in Texas. The fund, a wholly owned subsidiary of Millennial Energy, will buy the stake for a cash consideration of $0.51m. The agreement comes after Global appointe
Read moreTuesday broker round-up UPDATE
28th May 2013 07:25
AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric
Read moreDeputy Chairman at Weir Group buys first stake
13th May 2013 16:27
Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the
Read moreGlobal Petroleum records rise in half-year profits
14th Mar 2013 14:29
Global Petroleum posted a jump in half-year pre-tax profits Thursday as oil production activities accelerated. Consolidated group profit before tax for the last six months of 2012 came to $224,976, up 1.0% from $222,695 a year earlier. Strong operational performance from the company's two Eagle Fo
Read moreGlobal Petroleum opens data room for prospective partners
14th Jan 2013 08:04
Oil and gas exploration company Global Petroleum has opened a data room for selected prospective partners interested in its stake in its Namibian License. The news comes several months after Global announced its intention to farm down its 85% interest in the Namibian license ahead of further explor
Read moreBroker snap: Optimism fades after Chariot abandons another well
10th Sep 2012 14:21
The news that Chariot Oil and Gas's Kabeljou exploration well was plugged and abandoned as a dry hole prompted most brokers on Monday to either downgrade or put their ratings for the stock under review and significantly reduce their target prices. The Africa-focused oil and gas firm said that the w
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