GBP 0.00% 2.5¢ global petroleum limited

Xanadu wildcat perth basin, page-3

  1. 194 Posts.
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    I just happened upon this one and have realised that in former times this company was called Ghana Gold Mines and for a while operated a gold mine in Ghana in West Africa in the mid 90's. I actually was employed on a short term (1 year) contract to oversee the finances during the closure of the mining operation (low gold price). It went back to exploration mode, raised a bucket load of cash and burned through it with extensive drilling. Found a heap of gold but gold price was progressively tanking and they gave up when the price got to around $230US per ounce.

    Subsequently control changed and it became Global Petroleum and made a bucket load of money out of investment in Falkland Islands Oil. I seem to recall the price being over $2 at one stage I think.
 
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Currently unlisted public company.

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