global petroleum continues to review opportuni

http://www.ibtimes.co.uk/articles/20100122/global-petroleum-continues-to-review-opportunities.htm

Global Petroleum continues to review opportunities

22 January 2010 @ 09:23 am BSTNext Markets Article Global Petroleum's board is continuing to review opportunities for other acquisitions, joint ventures, or investments - both domestic and overseas - to enhance shareholder value.


It said that on the Uganda EA5 Prospect - in which it has a 25% interest - Tower had signed a contract with Oil & Gas Exploration Company Cracow for a land rig to drill the Avivi-1 exploration well. Drilling will begin after full environmental approval and consent to drill has been received and Tower is confident that this can be achieved to meet an early February 2010 spud date.

And Global said that on the Leighton Project - in which it has a 15% working interest - it was now earning revenue from all five production wells.


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