Global Petroleum Ltd on Monday announced that Executive Chair Daniel Page has abruptly left after just over three months in the role.

Shares in the company plummeted 27% to 0.080 pence late on Monday morning in London.

The Africa and Mediterranean focused oil and gas explorer said Page tendered his resignation earlier on Monday with immediate effect.

Global Petroleum appointed Page to the executive chair role on November 27, while also naming Cecilia Yu as an executive director and Azib Khan as a non-executive.

Previous Non-Executive Chair John van der Welle resigned at the same time, alongside Chief Executive Officer Peter Hill and Independent Non-Executive Director Garrick Higgins, after 5.0% shareholder Omar Ahmad proposed their removal.

‘The company thanks Mr Page for his service since joining the board in late November 2023 and wishes him every success in his future endeavours,’ Global Petroleum commented.

It said it will provide further updates in due course.

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