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GLV - GLOBAL OIL AND GAS LIMITED


nipper
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On 13 December 2018, Baraka Energy & Resources Limited (BKP) changed its name and ASX code to Global Vanadium Limited (GLV).
 
There is a bit in the BKP thread on the short lived Vanadium excursion / side track.Lasted one year exactly:
 
On 13 December 2019, Global Vanadium Limited changed its name to Global Oil & Gas Limited (GLV) . Market Cap now $50million, they have raised capital but shares have not really traded above 3c since this new incarnation.
 
Sept 2021, GLV to acquire 25% Strategic Interest in Drill Ready Multi TCF Sasanof Prospect
Highlights
  • Global Oil & Gas Limited has entered a binding agreement with Western Gas (519P) Pty Ltd to acquire a 25% interest in its giant Sasanof Prospect from Licence holder Western Gas Pty Ltd by funding 50% of the drilling costs of the multi Tcf Sasanof1 well .
  • Independent assessment by ERC Equipoise Ltd of the Sasanof Prospect estimates 2U Prospective Resource (gross) of 7.2 Tcf gas and 176 Million bbls condensate (P50 recoverable), with a 32% Chance of Success. The 3U Prospective Resource estimate (gross) is for 17.8 Tcf gas and 449 Million bbls condensate (P10 recoverable) Net GLV 1.03 Tcf gas and 25 Million bbls condensate (P50 recoverable), 2.3 Tcf gas and 58.4 Million bbls condensate.

And of course: EP-127: Completion of in field Hydrogen and Helium Survey ....  Sth Georgina Basin.  Highlights

  • Field work for the helium and hydrogen survey has now been completed on the 100% owned EP-127
  • Initial readings detected levels of helium at double background level
  • Detailed analysis and reporting currently underway with final results to be correlated into to the geological model for planning of future exploration activities

 

 
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