worth keeping an eye on it, page-5

here is announcment from ASX.

It is getting closer. Mid Nov spud date.

Further to Global’s release of 24th August, Woodside as operator of the Company’s Kenya
Joint Venture has advised that the drill rig is expected to be handed over to Woodside in the
second half of October 2006, with drilling operations to begin about one month later after the
rig has mobilized to Kenya.
Two wells are planned – one in each of Blocks L-5 and L-7. The first of two wells is likely to
be in L-5 on the Pomboo prospect and the second well will be in Block L-7 and is likely to be
on the Sokwe prospect.
Holdings in the L5 and L7 Joint venture are:
Woodside 30% (and operator);
Dana 30%
Repsol 20%
Global 20%
The costs associated with Global’s 20% in L5 and L7 are carried for all activities through the
drilling of the first well in each of these areas. Woodside and Repsol earn their farm-in equity
when these two wells are drilled.
For further information, refer also to Global’s releases dated 16/3/06, 4/5/06 and 24/8/06 and
Global’s website: www.globalpetroleum.com.au
John Armstrong
Executive Chairman
Telephone: (07) 3211 1122
Fax: (07) 3211 0133
Web: www.globalpetroleum.com.au