Global Petroleum Ltd - oil & gas exploration in Africa and the Mediterranean - Says Namibian authorities have granted a one-year extension to the initial exploration period of PEL 94 well, to September 2023 from September 2022.

Chief Executive Officer Peter Hill comments: ‘We would like to convey our thanks to the Ministry of Mines & Energy in Namibia for granting the one year extension to the Initial Exploration Period of PEL 94. This, taken together with the Graff and Venus discoveries, gives Global significantly increased optionality in relation to its future plans for PEL 94.’

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