반기 보고서
월 28 2024
회사는 이 발표에 포함된 정보를 시장 남용 규정(EU) No. 596/2014("MAR")에 규정된 내부 정보로 간주합니다. 규제 정보 서비스("RIS")를 통해 이 발표를 게시하면 이 내부 정보는 이제 공개 도메인에 있는 것으로 간주됩니다.
글로벌 석유 제한
("글로벌" 또는 "회사")
Interim Financial Report - Half Year Ended 31 December 2023
Global (AIM: GBP) announces its financial results for the half year ended 31 December 2023.
하이라이트
조작상의
· The focus during the reporting period, and subsequently, has been the Company's farm-out process and entering the next exploration period in respect of its Namibian licence PEL0094 ("Licence");
· On 14 August 2023 the Company announced that the Namibian authorities had given approval for the Company and its partners to proceed to the First Renewal Period of the Licence, with a duration of two years from September 2023 to September 2025. Importantly, the usual requirement at the end of the Initial Exploration Period to relinquish 50 per cent of the Licence area was waived;
· Global has continued its efforts to farm-out an interest in the Licence. Further announcements will be made as and when appropriate;
· On 15 September 2023, the Company announced that it had been informed that appeals against the environmental decrees granted in its favour for Licence Applications D 80 F.R- GP, D 81 F.R-GP, D 82 F.R-GP and D 83 F.R-GP ("the Applications") by the Italian authorities had been dismissed. The Company submitted additional documentation in connection with the Applications to the Italian Ministry of Ecological Transition and has been awaiting a response from the Ministry regarding the process going forward. Further announcements will be made as and when appropriate.
Corporate
· A number of changes to the Board of the Company occurred in late November 2023. Mr Daniel Page and Ms Cecilia Yu were appointed Executive Directors of the Company and Mr Azib Khan was appointed a Non-Executive Director of the Company. Mr John Van der Welle, Mr Peter Hill and Mr Garrick Higgins all resigned from Board.
· Post the period end Mr Daniel Page resigned on 11 March 2024
재정상의
· 나미비아에서 진행 중인 탐사 지출을 반영한 세후 손실 US$3,164 (2022년: US$695,619 손실)
· Cash balance at year end US$ 597,365 (31 December 2022: US$ 356,389);
· Costs and overheads minimised during the period;
· Equity raise of £250,000 gross proceeds in August 2023, following confirmation of entering the First Renewal Period by the Namibian authorities, with a further fundraise of £253,000 in November 2023.
전략 및 전망
The primary aim of the Board remains to find suitable opportunities in the sector, using the team's extensive network. The Company has continued to make good progress in identifying potential opportunities with a view to diversifying the business away from being dependent on a single asset.
자세한 내용은 다음을 방문하십시오. www.globalpetroleum.com.au 또는 문의 :
글로벌 석유 제한 | +61 3 8611 5333 |
Andrew Draffin, 회사 비서 겸 비상임 이사 | |
Panmure Gordon(UK) Limited(고문 및 공동 지명 지명) Broker) | + 44 (0) 20 7886 2500 |
제임스 싱클레어-포드 / 프레디 트위스트 휴 리치 | |
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CMC 시장(공동 Broker) 톰 커런 / 토마스 스미스 | + 44 (0) 20 7170 8200 |
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SI 캐피탈 리미티드 | + 44 (0) 148 341 3500 |
닉 에머슨 / 닉 브라이어스 | |
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타비스톡(재무홍보 및 IR) 사이먼 허드슨 / 닉 엘위스 | + 44 (0) 20 7920 3150 |
운영 및 금융 검토
검토 행정부
The focus of Global Petroleum Limited ("Global" or the "Company") during the reporting period, and subsequently, has been its farm-out process and entering the next exploration period in respect of its Namibian licence PEL0094 ("Licence"), and the continued strengthening of its finances in order to maintain its options for the Licence and/or the possible pursuit of other strategic investments. It has also continued to engage with the Italian authorities regarding the Company's exploration permit applications.
In August 2023, the Company announced that the Namibian authorities had given approval to proceed to the first renewal exploration Period, from September 2023 to September 2025 .This came with a commitment to acquire, process and interpret 2,000 kms of 3D seismic data (a commitment carried over from the Initial Exploration Period) and to drill a well contingent upon the results of interpretation of the 3D.
The Ministry waived the usual requirement to relinquish 50% of the licence area at the end of the Initial Exploration Period, which meant that Global and its partners retained all of the prospectivity of the licence.
At the beginning of each licence period, the Company and its partners are obliged to issue a guarantee, which is linked to the specified minimum exploration expenditure of the firm work commitment. The precise quantum is currently being negotiated between Global and the Ministry with the matter expected to be resolved in April 2024.
Since the award the Company has licensed both the existing 3D and 2D seismic data within PEL0094 and further 2D seismic data outside of PEL0094 to allow the technical story to be understood and described, in order to attract a partner to join Global in the licence.
Estimates of Prospective Resources for PEL0094 were announced in July 2020 and in January 2021. In the east of PEL0094 there are 7 leads with a total unrisked gross Prospective Resources (Best Estimate) of 2,048 million barrels of oil. In the centre of PEL0094 are the prospects Marula and Welwitschia Deep, which contain a total of 881 million barrels of oil. This gives a total on the licence of 2,929 million barrels unrisked gross Prospective Resources (Best Estimate).
As previously reported, the Company's work has established that in all the modelled cases the source rock is mature in the northern Walvis Basin and that sufficient volumes of hydrocarbons have migrated into the prospects previously identified. Oil seeps have also been located - via a satellite radar study - within the boundaries of the Licence, thus further supporting the Company's interpretation of a working petroleum system in the area.
In Italy, following the 'Plan for Sustainable Energy Transition of Appropriate Areas' ("Plan") which came into effect in February 2022, the Company provided the Italian authorities technical evidence of the gas prospectivity in relation to the Company's four licence applications in the Adriatic Sea.
A key structural component of the Plan is the provision that in future only exploration for gas (as opposed to oil) will be permitted in Italy, both onshore and offshore. As reported previously, the relevant authority, the Italian Ministry of Ecological Transition, informed Global that the Company's exploration objectives in the amended Applications are in compliance with the provisions of the Plan.
In September 2023, the Company made several announcements regarding Italy that it had been informed that appeals against the environmental decrees granted in its favour by the Italian authorities had recently been dismissed by the Council of State (having previously been dismissed by the tribunal in Rome). The actions were brought by the Municipality of Margherita di Savoia in Puglia against the relevant Italian Ministries and entities - with Global joined as an "interested party" - and related to the Company's applications known as d 80 F.R GP, d 81 F.R GP d 82 F.R-GP and d 83 F.R-GP. The judgements in Global's favour follow the victories in all of the cases brought against the Company by various entities in Puglia, culminating in the judgement of the European Court in January 2022.
Earlier in the year, the Company had submitted further documentation in connection with the Applications to the Italian Ministry of Ecological Transition and has been awaiting further dialogue with the Ministry regarding the process going forward.
Once this process is complete, the Company will assess its options in relation to the Applications and make an announcement accordingly. If the Company decides to accept the award of exploration permits, it will seek a partner at the appropriate time.
As previously announced, there were a number of changes to the Board of the Company in late November 2023. Mr Daniel Page and Ms Cecilia Yu were appointed Executive Directors of the Company and Mr Azib Khan was appointed a Non-Executive Director of the Company. Mr John Van der Welle, Mr Peter Hill and Mr Garrick Higgins all resigned from Board with Mr Daniel Page resigning on 11 March 2024.
Subsequent to these changes to the Board, the Company has been pursuing new opportunities with the aim to generate shareholder value, diversify the Company's portfolio of assets and deliver a pathway to profitability. Further updates on these endeavors will be provided in due course if appropriate.
이사 보고서
FOR THE HALF-YEAR ENDED 31 DECEMBER 2023
1. DIRECTORS
The Directors of the Company at any time during or since the half-year 위치 :
비상임
Mr Andrew 드라핀 비상임 책임자
Mr Azib Khan (appointed 27 November 2023) Non-Executive Director Mr John van der Welle (resigned 27 November 2023) Non-Executive Director Mr Garrick Higgins (resigned 27 November 2023) 비상임 책임자
행정부
Ms Cecila Yu (appointed 27 November 2023) Executive Director Mr Daniel Page (appointed 27 November 2023, resigned 11 Executive Chairman March 2024)
Mr Peter Hill (resigned 27 November 2023) 행정부 책임자
2. SUBSEQUENT 이벤트
On 2 February 2023 Mr Daniel Page and Ms Cecilia Yu were issued with 100,000,000 fully paid ordinary shares in the Company at an issue price equal to the last placing price of 0.06 pence for a total consideration of £60,000 each. The Shares are voluntarily escrowed for 90 days. The share issue will preserve the cash position of the Company and is in recognition of the below market rate remuneration for the Executive Directors.
Mr Andrew Draffin was also be issued with 33,333,333 Shares in the Company at an issue price equal to the last placing price of 0.06 pence, for a total consideration of £20,000 with an escrow period of 90 days. The Shares were issued as full and final settlement of unpaid compensation relating to services provided to the Company outside his role of Non-Executive Director to 31 December 2023.
The Board also resolved to issue options to both the Executive and Non-Executive Directors as outlined below.
The issued options have the following performance and time-based vesting conditions proportional to the number of options issued to each Director as outlined below.
1. 20% of options issued vest if the market capitalisation of the Company grows by 50% within 1 year from date of issue;
2. 20% of options issued vest if the market capitalisation of the Company grows by 100% within 1 year from date of issue;
3. 20% of options issued vest if the market capitalisation of the Company grows by 150% within 1 year from date of issue;
4. 20% of options issued vest if the market capitalisation of the Company grows by 200% within 1 year from date of issue; and
5. Remaining 20% of options issued vest in equal instalments over 5 years from date of issue.
All options have an expiry of 10 years from date of issue with an exercise price of equal to a 50% premium to the 7-day VWAP to 31 December 2023 being 0.0645 pence. No options have met their vesting conditions at the date of this report.
Mr Daniel Page resigned from his position as Executive Director and Chairman of the Company on 11 March 2024.
The Company announced a partnership agreement with Cynergy East Med LLC on 26 January 2024 which was subsequently mutually terminated on 12 March 2024 following the resignation of Mr Daniel Page.
The Company is also in open negotiations with a number of counter parties around the potential acquisition of complementary and in some cases diversified assets and continues to seek a partner for it Namibian licence. All discussions are preliminary and non-binding at the date of this report.
3. AUDITOR'S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001
The lead auditor's independence declaration is set out on page 4 and forms part of the Directors' Report for the 6-month period ended 31 December 2023.
Signed in accordance with a resolution of the 이사
앤드류 드라핀
이사 및 회사 비서
요약연결손익계산서 및 기타포괄손익계산서
FOR THE HALF-YEAR ENDED 31 DECEMBER 2023
These consolidated financial statements and notes represent those of Global Petroleum Limited and Controlled Entities (the "그룹").
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그룹 31년 종료된 XNUMX개월 동안 XNUMX월 | ||
주의 사항 | 2023 미국 달러$ | 2022 미국 달러$ | |
기타 수입 | 4 | 305,799 | - |
종업원 급여 비용 | (16,401) | (186,188) | |
행정 비용 | (200,966) | (376,821) | |
기타 경비 | (77,146) | (61,097) | |
공유 기반 결제 | - | (47,027) | |
감가 상각 와 상각 비용 | (9,718) | (1,720) | |
탐사 및 사업 개발 경비 | 6 | (10,248) | (16,566) |
외환 이득 (손실) | 2,007 | (9,022) | |
Results from operation 방과 후 액티비티 | (6,673) | (698,441) | |
재무 수입 | 3,509 | 2,822 | |
순금융 수입 | (3,164) | (695,619) | |
소득 전 손실 세 | (3,164) | (695,619) | |
세금 혜택 (비용) | - | - | |
손실 기간 | (3,164) | (695,619) | |
당 수입 몫 | |||
계속 및 중단됨 운영 | |||
주당 기본 수입 (센트) | (0.0002) | (0.0700) | |
희석 주당 이익 (센트) | (0.0002) | (0.0700) |
첨부된 주석은 이러한 재무 정보의 일부를 구성합니다. 진술.
31년 2023월 XNUMX일 현재의 재무상태 요약 연결 재무제표
그룹 | |||
31 XNUMX월 | 6월 30 2023 | ||
주의 사항 | 2023 미국 달러$ |
미국 달러$ | |
자산 | |||
Current 자산 | |||
현금 및 현금 등가물 | 597,365 | 356,389 | |
무역 및 기타 채권 | 28,810 | 35,301 | |
총 전류 자산 | 626,175 | 391,690 | |
비유류 자산 | |||
재산, 식물 및 장비 | - | 9,719 | |
기타 자산 | 130,050 | 190,083 | |
탐색 및 평가 자산 | 6 | 1,790,138 | 1,724,039 |
총 비유동 자산 | 1,920,188 | 1,923,841 | |
금액 자산 | 2,546,363 | 2,315,531 | |
부채 | |||
Current 부채 | |||
무역 및 기타 미지급금 | 23,326 | 89,894 | |
식량 | - | 259,751 | |
총 전류 부채 | 23,326 | 349,645 | |
금액 부채 | 23,326 | 349,645 | |
그물 자산 |
2,523,037 |
1,965,886 | |
공평 | |||
발행 자본 | 7 | 44,903,846 | 44,343,531 |
보유 | 854,227 | 854,227 | |
누적 된 사상자 수 | (43,235,036) | (43,231,872) | |
금액 공평 | 2,523,037 | 1,965,886 |
첨부된 주석은 이러한 재무 정보의 일부를 구성합니다. 진술.
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
발행 공유 자본 | 선택권 리저브 | 외국의 환율 번역 리저브 | 누적 된 손실 | 금액 | |
미국 달러$ | 미국 달러$ | 미국 달러$ | 미국 달러$ | 미국 달러$ | |
통합 그룹 | |||||
31개월 종료 XNUMX월 XNUMX일 2022 | - | ||||
1월 XNUMX일 잔액 2022 | 43,474,971 | 678,632 | 570,410 | (42,390,080) | 2,333,933 |
Comprehensive 수입 | |||||
손실 기간 | - | - | - | (695,619) | (695,619) |
금액 포괄적 인 수입/(손실) for 전에, 기간 | - | - | - | (695,619) | (695,619) |
거래 내역 과 소유자, in 그들의 capacity as 소유자, 와 other | |||||
전송 | |||||
발행 주식 | 924,000 | - | - | - | 924,000 |
거래 비용 | (55,440) | - | - | - | (55,440) |
발행 옵션 | - | 47,027 | - | - | 47,027 |
만료 옵션 | - | (441,842) | - | 441,842 | - |
금액 업무 과 소유자 와 other 전송 | 868,560 | (394,815) | - | 441,842 | 915,587 |
31월 XNUMX일 잔액 2022 | 44,343,531 | 283,817 | 570,410 | (42,643,857) | 2,553,901 |
31개월 종료 XNUMX월 XNUMX일 2023 | - | ||||
1월 XNUMX일 잔액 2023 | 44,343,531 | 283,817 | 570,410 | (43,231,872) | 1,965,886 |
Comprehensive 수입 | |||||
손실 기간 | - | - | - | (3,164) | (3,164) |
금액 포괄적 인 수입/(손실) for 전에, 기간 | - | - | - | (3,164) | (3,164) |
거래 내역 과 소유자, in 그들의 capacity as 소유자, 와 other | |||||
업무 | |||||
발행 주식 | 629,952 | 629,952 | |||
거래 비용 | (69,637) | (69,637) | |||
금액 업무 과 소유자 와 other 업무 | 560,315 | - | - | - | 560,315 |
31월 XNUMX일 잔액 2023 | 44,903,846 | 283,817 | 570,410 | (43,235,036) | 2,523,037 |
첨부된 주석은 이러한 재무 정보의 일부를 구성합니다. 진술.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
그룹 31월 XNUMX일로 종료되는 XNUMX개월 동안 | ||
2023 미국 달러$ | 2022 미국 달러$ | |
영업현금흐름 방과 후 액티비티 | ||
관심 접수 | 3,509 | 2,822 |
공급업체에 대한 지불 및 직원 | (296,320) | (699,883) |
GST/VAT 환급 접수 | 3,771 | 3,110 |
영업에 사용된 순현금 방과 후 액티비티 | (289,040) | (693,951) |
투자로 인한 현금 흐름 방과 후 액티비티 | ||
탐사 및 사업 개발에 대한 지급 지출 | (30,299) | (285,377) |
투자에 사용된 순현금 방과 후 액티비티 | (30,299) | (285,377) |
자금조달 현금흐름 방과 후 액티비티 | ||
발행 수익금 주식 | 629,952 | 924,000 |
자본 조달에 대한 지불 비용 | (69,637) | (55,440) |
자금 조달을 통해 제공되는 순 현금 방과 후 액티비티 | 560,315 | 868,560 |
현금 순증가 개최 | 240,976 | (110,768) |
금융 개시 시점의 현금 및 현금 등가물 year | 356,389 | 1,139,775 |
결산기말의 현금및현금성자산 year | 597,365 | 1,029,007 |
첨부된 주석은 이러한 재무 정보의 일부를 구성합니다. 진술.
NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIALS & STATEMENTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
참고 1 | 보고 기관 |
Global Petroleum Limited ("Global" or the "Company") is a company domiciled and incorporated in Australia. It is a company limited by shares and whose shares are publicly traded on the London Stock Exchange (AIM). The condensed consolidated interim financial statements of the Company as at and for the six months ended 31 December 2023 are comprised of the Company and its controlled entities (together referred to as the "Group"). The Group is a for-profit entity and is primarily involved in oil and gas exploration and development.
30년 2023월 4일자로 종료되는 연도에 대한 그룹의 연결 연차 재무제표는 요청 시 회사 등록 사무소(주소: Level 91 3000 William Street, Melbourne, VIC XNUMX, Australia)에서 제공됩니다. www.globalpetroleum.com.au.
참고 2 | 준비의 기초 |
성명서 compliance
These interim financial statements have been prepared in accordance with AASB 134 Interim Financial Reporting, the Corporations Act 2001 and IAS 34 Interim Financial Reporting. They should be read in conjunction with the Group's last annual consolidated financial statements as at and for the year ended 30 June 2023 ('last annual financial statements'). They do not include all of the information required for a complete set of annual financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and performance since the last annual financial statements.
이 중간 재무제표는 28년 2024월 XNUMX일에 회사 이사회에서 발행하도록 승인되었습니다. 이 반기 보고서의 재무 정보는 미국 달러("US$")로 표시됩니다.
Use of judgement and 견적
이 중간재무제표를 준비할 때 경영진은 회계정책의 적용과 보고된 자산과 부채, 수익과 비용의 금액에 영향을 미치는 조정, 추정 및 가정을 했습니다. 실제 결과는 이러한 추정치와 다를 수 있습니다.
연결실체의 회계정책을 적용함에 있어 경영진이 내린 유의적인 판단과 추정의 불확실성의 주요 원인은 30년 2023월 XNUMX일로 종료되는 회계연도의 연결재무제표에 적용된 것과 동일합니다.
참고 3 | 중요 회계정책 요약 |
이 재무제표에 적용된 회계정책은 30년 2023월 XNUMX일로 종료되는 회계연도의 연결재무제표에 적용된 것과 동일합니다.
관심가는 주의 사항
재무제표는 정상적인 사업 활동의 연속성과 정상적인 사업 과정에서 자산의 실현 및 부채의 결제를 고려하는 회계의 계속기업 기준으로 작성되었습니다.
연결실체는 영업 수익의 원천이 없으며 기존 현금 자원에서 지출 의무를 결제합니다. 3,164년 31월 2022일에 종료된 반기 동안 US$695,619의 손실을 발생시켰고(289,040년 31월 2022일: US$693,951의 손실) 영업 활동으로 인한 순 현금 유출액은 US$31(2023년 2,523,037월 30일: 순 현금 유출액 US$2023)였습니다. 해당 날짜 현재 그룹의 순자산은 US$1,965,886(597,365년 30월 2023일: US$356,389)이고 현금 자산은 US$XNUMX(XNUMX년 XNUMX월 XNUMX일: US$XNUMX)입니다. 연결실체는 부채가 없습니다.
이사들은 계속 기업으로서의 존속 능력을 뒷받침하기 위해 미래 현금 유입 및 유출에 대한 최선의 추정치를 바탕으로 향후 12개월 동안의 현금 흐름 예측을 준비했습니다. 계속기업으로서 계속되는 회사의 능력은 주로 다음 요소 중 하나 이상의 조합에 달려 있습니다. 기존 자금 관리; 주식 시장에서 자본을 조달하여 추가 자금을 확보합니다. 농장-인 당사자가 회사의 나미비아 면허에 대한 특정 미래 탐사 및 기타 약속을 충족하는 비용을 부담하는 농장 계약을 체결합니다. 라이선스 약정 연기.
The raising of additional equity capital is subject to market conditions and investor demand; securing a farm-out requires agreement with a suitable third party which the Group has not achieved to date; and any deferral of licence commitments would require the consent of the Namibian Ministry of Mines and Energy. As each of these are not within the Company's control, these conditions constitute a material uncertainty that may cast significant doubt on the use of the going concern basis of accounting. However, the Director have a reasonable expectation that one or more of these actions will be achieved and note a successful equity placing in the reporting period which raised gross proceeds of approximately $0.630 million (half-year ended 31 December 2022: GBP0.924 million).
The Company is also pursuing other commercial opportunities with an intention to build a diversified portfolio of assets. Discussions with counter parties are ongoing with a number of potential counterparties at the date of this report.
Accordingly, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, and therefore the Directors continue to adopt the going concern basis of accounting in preparing the financial statements. The financial statements do not include any adjustments relating to the classification of assets including Exploration and Evaluation assets, or the recoverability of asset carrying values, or to the amount and classification of liabilities, which might result should the Group be unable to continue as a going concern.
적용 신제품 와 수정 회계기준
연결실체는 현재 보고 기간에 의무적으로 적용되는 모든 신규, 개정 또는 수정 회계 기준 및 해석을 호주 회계기준위원회("AASB")에서 채택했습니다.
Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early 채택.
참고 4 | 다른 수입 |
| 31 12월 2023 | 31 12월 2022 |
| 미국 달러$ | 미국 달러$ |
Write off of provision for annual 떠나 | 259,751 | - |
Refund from Italy in relation to its 어플리케이션 | 46,048 | - |
| 305,799 | - |
참고 5 | Interests in Subsidiaries |
(A) Information about Principal 자회사
The subsidiaries listed below have share capital consisting solely of ordinary shares or ordinary units which are held directly by the Group. The proportion of ownership interests held equals the voting rights held by the Group.
자회사명 | 주요 장소 사업 | Ownership interest held by the | |
|
| 31 12월 2023 | 30 6월 2023 |
|
| (%) | (%) |
글로벌 석유 탐사 제한 | 영국 | 100 | 100 |
글로벌 석유 나미비아 제한 | 영국령 버진 아일랜드 | 100 | 100 |
참고 6 | 탐색 및 평가 자산 |
| 6년 31월 2023일까지 XNUMX개월 | 12개월 ~ 30 2023년 유월 |
| 미국 달러$ | 미국 달러$ |
시작 시 잔액 기간 | 1,724,039 | 1,291,599 |
Expenditure capitalised during the 기간 | 66,099 | 432,440 |
Expenditure written off during the 기간 | - | - |
종료시 잔액 기간 | 1,790,138 | 1,724,039 |
The Group's Exploration and Evaluation Assets at the end of the reporting period relates solely to its Namibian licence PEL0094.
During the reporting period, the Group did not expense any other exploration and evaluation costs in the statement of profit and loss. (31 December 2022: 무).
10,248달러(31년 2022월 16,566일: XNUMX달러)의 금액이 석유 및 가스 부문의 다른 기회를 평가하는 그룹의 활동과 관련된 사업 개발 비용으로 지출되었습니다.
나미비아
In September 2018, Global Petroleum Namibia was awarded licence PEL0094, and a Petroleum Agreement was signed on 11 September 2018. The Initial Exploration Period ran for four years and is divided into two sub periods of two years each: IEP1, and IEP2. IEP1 runs from September 2018 to September 2020. During IEP1, Global has undertaken to purchase and reprocess the existing available 3D seismic data and other 2D data, as well as some additional G & G studies. In July 2020, agreement was reached with the Ministry of Mines and Energy ("MME") for the extension of the sub-period ending in September 2020 for one year to September 2021, with a modified work commitment. The Company met all IEP1 commitments at the date of this report. In August 2021, the Company announced that the Namibian authorities had acknowledged the exercise by the Company of its option to enter into the next sub- period of PEL0094 from September 2021 to September 2022. In April 2022 the Company announced that the Namibian authorities had granted a one year extension to the Initial Exploration Period ("IEP"), from September 2022 to September 2023.
In August 2023 the MME gave approval for the Company and its partners to proceed to the First Renewal Period ("FRP") of Walvis Basin licence PEL0094, with a duration of two years from September 2023 to September 2025. The work commitment for the FRP is to acquire, process and interpret 2,000 kms of 3D seismic data (the "3D Seismic") - carried over from the IEP and to drill a well contingent upon the results of interpretation of the 3D Seismic. The original well commitment for the FRP - as specified in the Petroleum Agreement for PEL0094 - was firm, rather than contingent.
At the beginning of each licence period, the Company and its partners are obliged to issue a guarantee, which is linked to the specified minimum exploration expenditure of the firm work commitment. The precise quantum is currently being negotiated between Global and the Ministry with the matter expected to be resolved in April 2024.
No adjustments relating to the classification of the Exploration and Evaluation Assets, or the recoverability carrying value has been made that might result should the Group be unable to continue as a going concern. Refer Note 3 - Going Concern for further details around going concern.
Exploration commitments on the Company's exploration tenements are detailed above and in Note 11.
참고 7 | 발행 자본 |
31 12월 2023 | 30 6월 2023 | |
미국 달러$ | 미국 달러$ | |
1,711,779,910 fully paid ordinary shares (30 June 2023: 1,040,113,244) fully paid ordinary shares | 44,903,846 | 44,343,531 |
44,903,846 | 44,343,531 |
The Group has authorised share capital amounting to 1,711,779,910 ordinary 주식.
(a) Ordinary Shares | 6개월 ~ 31월 XNUMX일 2023 | 12월 ~ 30월 XNUMX일 2023 | |||
그렇지 않습니다. | 미국 달러$ | 그렇지 않습니다. | 미국 달러$ | ||
시작 시 잔액 기간 | 1,040,113,244 | 44,343,531 | 811,541,816 | 43,474,971 | |
해당 기간에 발행된 주식 기간 | 671,666,666 | 629,952 | 228,571,428 | 924,000 | |
Less: Transaction 비용 | - | (69,637) | - | (55,440) | |
종료시 잔액 기간 | 1,711,779,910 | 44,903,846 | 1,040,113,244 | 44,343,531 | |
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(비) 옵션 | 6개월 ~ 31월 XNUMX일 2023 | 12월 ~ 30월 XNUMX일 2023 | |||
| 옵션 수 | Weight average exercise price | 옵션 수 | 가중 평균 운동 가격 | |
|
| 미국 달러$ |
| 미국 달러$ | |
시작 시 잔액 기간 | 29,000,000 | 0.0111 | 27,100,000 | 0.0214 | |
Options issued during the 기간 |
|
| 10,000,000 | 0.0050 | |
Options expired during the 기간 |
|
| (8,100,000) | 0.0380 | |
종료시 잔액 기간 | 29,000,000 | 0.0111 | 29,000,000 | 0.0111 | |
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| |
(c) 보증
| 6개월 ~ 31월 XNUMX일 2023 | 12월 ~ 30월 XNUMX일 2023 | |||
| 영장 수 | Weight average exercise price | 영장 수 | 가중 평균 운동 가격 | |
|
| 미국 달러$ |
| 미국 달러$ | |
시작 시 잔액 기간 | 512,063,492 | 0.0104 | 397,777,778 | 0.0110 | |
Warrants issued during the 기간 | 250,000,000 | 0.0013 | 114,285,714 | 0.0084 | |
Warrants expired during the 기간 | (397,777,778) | - | - | - | |
종료시 잔액 기간 | 364,285,714 | 0.0058 | 512,063,492 | 0.0104 | |
참고 8 | 운영 부문 |
Africa - the Group currently holds prospective oil and gas exploration interests offshore 나미비아.
(a)Segment information |
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(i)Segment performance |
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| 아프리카 | 통합 | ||
| 2023 | 2022 | 2023 | 2022 |
| 미국 달러$ | 미국 달러$ | 미국 달러$ | 미국 달러$ |
31월 XNUMX일로 종료되는 XNUMX개월 동안 |
|
|
|
|
세그먼트 수익 |
|
|
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|
외부 수익 | - | - | - | - |
금액 수익 | - | - | - | - |
구획 결과 |
|
|
|
|
세그먼트 결과 | - | - | - | - |
| - | - | - | - |
관심 수입 | - | - | 3,509 | 2,822 |
순 외화 이익 (손실) | - | - | 2,007 | (9,022) |
기타 수입 | - | - | 305,798 | - |
기업 및 행정 비용 | - | - | (314,478) | (689,419) |
이전 기간 동안의 손실 세 | - | - | (3,164) | (695,619) |
소득세 혜택 (비용) | - | - | - | - |
6개월간 손실 기간 | - | - | (3,164) | (695,619) |
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(ii)Segment assets and 부채
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| 아프리카 | 통합 | ||
| 31 12월 2023 | 30 6월 2023 | 31 12월 2023 | 30 6월 2023 |
| 미국 달러$ | 미국 달러$ | 미국 달러$ | 미국 달러$ |
자산 |
|
|
|
|
구획 자산 | 1,790,138 | 1,724,039 | 1,790,138 | 1,724,039 |
할당되지 않은 자산 | - | - | 756,225 | 591,492 |
통합 자산 | 1,790,138 | 1,724,039 | 2,546,363 | 2,315,531 |
부채 |
|
|
|
|
구획 부채 | 3,500 | 7,000 | 23,326 | 7,000 |
할당되지 않은 부채 | - | - | - | 342,645 |
통합 부채 | 3,500 | 7,000 | 23,326 | 349,645 |
|
|
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|
|
Acquisition of non-current assets, including 대문자 | - | 432,440 | - | 432,440 |
참고 9 | 공유 기반 지불 |
The aggregate share-based payments for the six months ended 31 December 2023 are set out 아래 :
31년 2023월 XNUMX일 종료된 XNUMX개월 | 31년 2022월 XNUMX일 종료된 XNUMX개월 | |||
번호 | 가중 평균 운동 가격 | 번호 | 가중 평균 운동 가격 | |
| 미국 달러$ |
| 미국 달러$ | |
Options outstanding as at 1 7월 | 29,000,000 | 0.0111 | 27,100,000 | 0.0000 |
Options issued during the 기간 | - | - | 10,000,000 | 0.0050 |
Options expired during the 기간 | - | - | (8,100,000) | 0.0380 |
Options outstanding as at 31 XNUMX월 | 29,000,000 | 0.0111 | 29,000,000 | 0.0111 |
The following share-based payment arrangements were in existence during the current reporting 기간:
번호 | 부여 날짜 | 유효 기간 | 운동 가격 | Fair value at grant price | 베스팅 기간 | |
(i) Options Granted | 19,000,000 | 1월 7 2021 | 1월 21 2026 | US $ 0.0143 | 441,842 | 해당 사항 없음 |
(ii) Options Granted | 10,000,000 | 6 12월 2022 | 6 12월 2027 | US0.005 | 47,027 | 해당 사항 없음 |
Options were valued using the Black-Scholes model. Where relevant, the expected life used in the model has been adjusted based on management's best estimate of the effects of non-transferability of exercise restrictions. Expected volatility is based on the historical share price volatility of the Company's ordinary shares over the reporting period.
번호 | 부여일의 주가 | Expiry Price | 예상 변동성 | 옵션 수명 | 무위험 이자율 | |
| 미국 달러$ | 미국 달러$ |
|
|
| |
부여된 옵션 | 19,000,000 | 0.013 | 0.014 | 160% | 5년 | 1.49% |
부여된 옵션 | 10,000,000 | 0.439 | - | 133% | 5년 | 1.49% |
참고 10 | 금융 상품 |
금융자산과 금융부채는 매출채권과 기타채무와 매출채권으로 구성되어 있습니다. 금융자산과 금융부채는 상각후원가로 측정하고 있으며, 장부금액은 공정가치에 근접한 것으로 가정합니다.
참고 11 | Capital and Joint Venture Commitments |
(A) 탐구 지출 약속
Exploration expenditure commitments in order to maintain current rights of tenure to exploration tenements, the Group is required to perform minimum exploration work to meet the minimum expenditure requirements specified by various foreign governments where exploration tenements are held.
These obligations are subject to renegotiation when application for a tenement is made and at other times. These obligations are not provided for in the financial statements. Financial commitments for subsequent periods can only be determined at future dates, as the success or otherwise of exploration programmes determines courses of action allowed under options available in tenements. The Group's only exploration expenditure commitments relate to its interest in joint ventures.
(비) Namibia Licence PEL0094
In August 2023, the MME gave approval for the Company and its partners to proceed to the First Renewal Period ("FRP") of Walvis Basin licence PEL0094, with a duration of two years from September 2023 to September 2025. The work commitment for the FRP is to acquire, process and interpret 2,000 kms of 3D seismic data (the "3D Seismic") - carried over from the current Initial Exploration Period and to drill a well contingent upon the results of interpretation of the 3D Seismic. The original well commitment for the FRP - as specified in the Petroleum Agreement for PEL0094 - was firm, rather than contingent.
Global Petroleum Namibia Limited has a 78 per cent interest in the PEL0094, however it is responsible for 100 per cent of the expenditure requirements with its joint venture partners holding a total of 22 per cent free carried interest.
참고 12 | 후속 이벤트 |
On 2 February 2023 Mr Daniel Page and Ms Cecilia Yu were issued with 100,000,000 fully paid ordinary shares in the Company at an issue price equal to the last placing price of 0.06 pence for a total consideration of £60,000 each. The Shares are voluntarily escrowed for 90 days. The share issue will preserve the cash position of the Company and is in recognition of the below market rate remuneration for the Executive Directors.
Mr Andrew Draffin was also be issued with 33,333,333 Shares in the Company at an issue price equal to the last placing price of 0.06 pence, for a total consideration of £20,000 with an escrow period of 90 days. The Shares were issued as full and final settlement of unpaid compensation relating to services provided to the Company outside his role of Non-Executive Director to 31 December 2023.
The Board also resolved to issue options to both the Executive and Non-Executive Directors as outlined below.
The issued options have the following performance and time-based vesting conditions proportional to the number of options issued to each Director as outlined below.
6. 20% of options issued vest if the market capitalisation of the Company grows by 50% within 1 year from date of issue;
7. 20% of options issued vest if the market capitalisation of the Company grows by 100% within 1 year from date of issue;
8. 20% of options issued vest if the market capitalisation of the Company grows by 150% within 1 year from date of issue;
9. 20% of options issued vest if the market capitalisation of the Company grows by 200% within 1 year from date of issue; and
10. Remaining 20% of options issued vest in equal instalments over 5 years from date of issue.
All options have an expiry of 10 years from date of issue with an exercise price of equal to a 50% premium to the 7-day VWAP to 31 December 2023 being 0.0645 pence. No options have met their vesting conditions at the date of this report.
Mr Daniel Page resigned from his position as Executive Director and Chairman of the Company on 11 March 2024.
The Company announced a partnership agreement with Cynergy East Med LLC on 26 January 2024 which was subsequently mutually terminated on 12 March 2024 following the resignation of Mr Daniel Page.
The Company is also in open negotiations with a number of counter parties around the potential acquisition of complementary and in some cases diversified assets and continues to seek a partner for it Namibian licence. All discussions are preliminary and non-binding at the date of this report.
이사 선언문
In accordance with a resolution of the Directors of Global Petroleum Limited, the Directors of the Company declare 그 :
1. the financial statements and notes, as set out on pages 5 to 12, are in accordance with the Corporations Act 2001 and:
(A) comply with Australian Accounting Standards applicable to the entity, which, as stated in accounting policy Note 1 to the financial statements, constitutes compliance with AASB 134: Interim Financial Reporting; and
(비) give a true and fair view of the financial position as at 31 December 2023 and of the performance for the year ended on that date of the consolidated group;
2. in the directors' opinion there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable; and
3. the directors have been given the declarations required by section 295A of the 기업법 2001from the Chief Executive Officer and Chief Financial Officer.
책임자
Mr Andrew 드라핀
-ends-
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.