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Global Oil and Gas Limited (ASX:GLV)

ALERT: Price-sensitive ASX Announcement for GLV
Current share price for GLV : $0.045 0 (0%)+
Announcement
Release
22 Apr 2024 11:10AM
Price at Release
$0.045
Full Release
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Summary
Global Oil and Gas Limited (GLV) released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ended 30 June 2023. During the reporting period, GLV continued to focus on the exploration and development of its petroleum assets, with particular emphasis on the exploration permit WA-519-P located in the Northern Carnarvon Basin, offshore Western Australia. The company advanced its technical work on the Sasanof Prospect, including the completion of post-well analysis following the Sasanof-1 exploration well drilled in 2022. GLV also reported on the assessment of potential farm-out and corporate opportunities, regulatory compliance activities, and cash flows related to exploration, administration, and expenditure. The cash balance at the end of the quarter was provided, and the report included an overview of payments to related parties.
Key Points
  • GLV focused on the exploration and development of petroleum assets during the quarter.
  • Technical work continued on exploration permit WA-519-P, with emphasis on the Sasanof Prospect.
  • Post-well analysis of the Sasanof-1 well was completed.
  • The company assessed potential farm-out and corporate opportunities.
  • Regulatory compliance activities were ongoing.
  • Quarterly cash flow report (Appendix 5B) was provided.
  • Exploration and administration expenditure details were included.
  • The cash balance at the end of the quarter was disclosed.
  • Payments to related parties were reported.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.