Global Petroleum to acquire prospective oil and gas interests in Namibia

Global Petroleum has entered into an agreement to acquire Jupiter Petroleum Limited, a UK registered company, which holds prospective oil and gas exploration interests in offshore Namibia.
Global will issue 25 million shares at settlement and will reimburse reasonable historical expenditure on the Namibian and Juan de Nova interests, a French dependency in the Mozambique Channel.
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Source: Proactive Investors