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Global Petroleum Limited announced on 12 March 2024 that its Partnership Agreement with Cynergy East Med LLC was mutually terminated. This action followed the resignation of Executive Chairman Mr Daniel Page, which the Company announced yesterday, and a thorough evaluation of strategic priorities.
| Date | 12 Mar 2024 |
| Time | 12:51:10 |
| Category | Miscellaneous |
| ID | 5542G |
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/ or contact:
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Global Petroleum Limited |
+61 3 8611 5333 |
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Andrew Draffin, Company Secretary and Non-Executive Director |
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Panmure Gordon (UK) Limited (Nominated Adviser & Joint Broker) |
+44 (0) 20 7886 2500 |
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James Sinclair-Ford / Freddie Twist Hugh Rich |
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CMC Markets (Joint Broker) Tom Curran / Thomas Smith |
+44 (0) 20 7170 8200 |
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SI Capital Limited |
+44 (0) 148 341 3500 |
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Nick Emerson / Nick Briers |
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Tavistock (Financial PR & IR) Simon Hudson / Nick Elwes |
+44 (0) 20 7920 3150 |
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