Global Petroleum Ltd - Africa and Mediterranean-focused oil and gas company - Raises £51,050 through the conditional issuance of 22.69 million new shares at 0.225 pence each via a retail offer to existing shareholders. The offer, which aligns retail investors with participants in earlier funding rounds, is conditional on the shares being admitted to AIM trading on January 16.

Following admission, the company’s total issued share capital will be 4.62 billion shares. ‘We are pleased to have conducted this retail offer to give our shareholders the same opportunities as family offices and high net worth individuals who partook in the capital raise. This offer ensures their participation ahead of the expected exciting developments in 2025, reflecting our commitment to include all stakeholders in the company’s growth,’ says Chief Financial Officer Hamza Choudhry.

Current stock price: 0.21 pence, up 2.2% on Friday afternoon

12-month change: doubled from 0.07 pence

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