Global Petroleum Says Work on Kenyan Licenses on Track

Global Petroleum Limited reports that work by Woodside on its Kenya Licenses L5, L7, L10 and L11 is progressing well. The results to date on Blocks L5 and L7 are encouraging. Meetings of the JV are planned for mid-July to determine the future course of business in Global's licenses in Kenya.

Global has a 20% equity in four blocks in offshore waters of Kenya (L5, L7, L10 and L11), with 40% being held by Woodside Energy, which is the operator, and the balance being held by UK based Dana Petroleum (E&P) Limited. The costs associated with Global's 20% holding are covered for all activities through two wells by Woodside.