Completion of LIDAR Acquisition
09/12/2024 09:39
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RNS Number : 3327P Global Petroleum Ltd 09 December 2024
9 December 2024
The information contained within this announcement is deemed by the Company to
constitute inside information under the UK Market Abuse Regulations ("MAR").
Upon the publication of this announcement via a Regulatory Information Service
("RIS"), this inside information is now considered to be in the public
domain.
Global Petroleum Limited
("Global" or "the Company")
Juno Project Airborne Lidar
Global Petroleum Limited (LSE AIM: GBP) is pleased to announce the completion
of airborne Light Detection and Ranging (Lidar) acquisition for the Juno
project in Western Australia, as part of its ongoing exploration activities.
The data collection, using advanced Lidar technology, was successfully
completed by a fixed wing aircraft during the course of last week.
Lidar is a high-precision remote sensing method that uses laser pulses to
generate a detailed three-dimensional digital terrain model (DTM) of surface
topography. This technique enables the identification of subtle topographical
and geological features that are critical for exploration programme planning
and analysis. DTMs will be used in conjunction with detailed aeromagnetic and
gravity data to define drill targets for the Company's initial drillholes at
the Juno project. DTMs will also guide project logistics in areas such as
access and infrastructure management.
Processing of the collected Lidar data is now underway, and final deliverables
are expected within the coming weeks. These results will provide valuable
insights to inform the Company's next steps in its exploration program at the
Juno project.
Callum Baxter, Global's joint venture partner commented:
"I am pleased to see continued rapid progress at Juno as we work toward
targeting the Company's first drillholes for the project. Lidar information
enhances accuracy of our detailed exploration models delivering greater
confidence in planning subsurface activities such as drilling and provides
assistance to logistical aspects including equipment access and infrastructure
management."
For further information please visit: www.globalpetroleum.com.au or contact:
Global Petroleum Limited
investors@glo-pet.com
Hamza Choudhry, CFO and Executive Director
SPARK Advisory Partners (Nominated Adviser)
+44 (0) 20 3368 3555
Andrew Emmott
CMC Markets (Joint Broker)
+44 (0) 20 3003 8632
Douglas Crippen
SI Capital
Limited
+44 (0) 14 8341 3500
Nick Emerson
Tavistock (Financial PR & IR)
+44 (0)
20 7920 3150
Simon Hudson / Nick Elwes
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