GBP global petroleum limited
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Ann: Agreement with NAMCOR to Licence 3D Seismic Data, page-4

  1. Wildcat3
    559 Posts.
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    07/04/20
    10:54
    Post #: 43922967
    If there were no deal on the cards, why would GBP be rushing to acquire this 3D acquisition when PEL29 still only has 2D. This looks like a significant move towards a deal

    "Peter Hill, Global Petroleum’s CEO, commented: “Finalising this data for equity deal with our partner, NAMCOR, is a major step forward for Global, enabling us both to conserve cash and to advance our exploration programme for PEL0094 very significantly."

    "VERY significantly"
    GBP Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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