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