hello hdr faithful

13:50, Monday, 4 July 2005

Sydney - Monday - July 4: (RWE Australian Business News) -
Australia's Global Petroleum Ltd (GBP) is one of the beneficiaries of
new licence terms designed to precipitate a wildcat multi-well drilling
program from 2007 in prospective offshore areas of the Falkland Islands.
This follows the granting of more flexible licence terms by the
Falkland Islands Government in the wake of significant seismic results
from work to the south and east of the Islands earlier this year.
Global Petroleum has a 14.0% shareholding (12.85 million shares)
in Falkland Oil and Gas (FOGL).