Consistent with its previously announced strategy, the Company...

Consistent with its previously announced strategy, the Company has been involved in a number of detailed negotiations with counterparties holding appropriate assets - Global remains in a strong financial position relative to many of its peers. In an environment of continuing low oil prices, many companies have little cash and very limited access to capital, and it is apparent that potential counterparties are becoming increasingly realistic with regard to the terms at which they will be able to transact. However, the Company remains extremely selective regarding the quality of assets it would consider investing in, and the terms of any such investment.


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