TIDMGBP
RNS Number : 3327P
09 December 2024
9 December 2024
The information contained within this announcement is deemed by the Company to constitute inside information under the UK Market Abuse Regulations ("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.
Global Petroleum Limited
("Global" or "the Company")
Juno Project Airborne Lidar
Global Petroleum Limited (LSE AIM: GBP) is pleased to announce the completion of airborne Light Detection and Ranging (Lidar) acquisition for the Juno project in Western Australia, as part of its ongoing exploration activities.
The data collection, using advanced Lidar technology, was successfully completed by a fixed wing aircraft during the course of last week.
Lidar is a high-precision remote sensing method that uses laser pulses to generate a detailed three-dimensional digital terrain model $(DTM)$ of surface topography. This technique enables the identification of subtle topographical and geological features that are critical for exploration programme planning and analysis. DTMs will be used in conjunction with detailed aeromagnetic and gravity data to define drill targets for the Company's initial drillholes at the Juno project. DTMs will also guide project logistics in areas such as access and infrastructure management.
Processing of the collected Lidar data is now underway, and final deliverables are expected within the coming weeks. These results will provide valuable insights to inform the Company's next steps in its exploration program at the Juno project.
Callum Baxter, Global's joint venture partner commented:
"I am pleased to see continued rapid progress at Juno as we work toward targeting the Company's first drillholes for the project. Lidar information enhances accuracy of our detailed exploration models delivering greater confidence in planning subsurface activities such as drilling and provides assistance to logistical aspects including equipment access and infrastructure management."
For further information please visit: www.globalpetroleum.com.au or contact:
Global Petroleum Limited investors@glo-pet.com
Hamza Choudhry, CFO and Executive Director
SPARK Advisory Partners (Nominated Adviser) +44 (0) 20 3368 3555
Andrew Emmott
CMC Markets (Joint Broker) +44 (0) 20 3003 8632
Douglas Crippen
SI Capital Limited +44 (0) 14 8341 3500
Nick Emerson
Tavistock (Financial PR & IR) +44 (0) 20 7920 3150
Simon Hudson / Nick Elwes
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
ACQUKOKRSWUURRA
(END) Dow Jones Newswires
December 09, 2024 04:39 ET (09:39 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.