REG - Global Petroleum Ltd - Termination of Cynergy Partnership Agreement

Global PetroleumAnnouncement

12/03/2024 13:00

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RNS Number : 5542G  Global Petroleum Ltd  12 March 2024

12 March 2024

 

Global Petroleum Limited

("Global" or "the Company")

 

Termination of Cynergy Partnership Agreement

 

The Company wishes to advise that further to its announcement on 26 January
2024, the Partnership Agreement between the Company and Cynergy East Med LLC
has been mutually terminated following the resignation of Executive Chairman,
Mr Daniel Page (as announced by the Company yesterday), and a thorough
evaluation of the Company's strategic priorities.

 

The Board remains active operationally and looks forward to updating
shareholders on Company initiatives in due course.

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("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.

 

For further information, please visit http://www.globalpetroleum.com.au/
(http://www.globalpetroleum.com.au/) or contact:

 

 Global Petroleum Limited                                            +61 3 8611 5333
 Andrew Draffin, Company Secretary and Non-Executive Director

 Panmure Gordon (UK) Limited (Nominated Adviser & Joint Broker)      +44 (0) 20 7886 2500
 James Sinclair-Ford / Freddie Twist

 Hugh Rich

 CMC Markets (Joint Broker)                                          +44 (0) 20 7170 8200

 Tom Curran / Thomas Smith

 SI Capital Limited                                                  +44 (0) 148 341 3500
 Nick Emerson / Nick Briers

 Tavistock (Financial PR & IR)                                       +44 (0) 20 7920 3150

 Simon Hudson / Nick Elwes

 

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