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Global Oil & Gas Limited is an Australian ASX listed company (ASX:GLV) focused on identifying, exploring and developing Energy & Resource assets within Australia.
Global Oil & Gas Limited owns 25% in the drill ready Sasanof-1 Prospect located in the North West Shelf – WA. Sasanof-1 has an estimated 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P50), with a 32% Chance of Success. The high case 3U Prospective Resource estimate is for 17.8 Tcf gas and 449 Million bbls condensate (P10). Planned drilling for May 2022.
The Company has a 10% investment in Goshawk Energy Limited, which owns the Helvetica Oil Prospect.
Helvetia has a 194 MMbbl Prospective Resource (unrisked Best Estimate Undiscovered PIIP). A joint venture partner is currently being sought to undertake a 3D seismic program in 2022.
Company also owns 100% of EP127 located in the Northern Territory which through recent exploration activities has shown high levels of helium occurrences, which is currently being assessed for further exploration work in the second half of 2022.
The global demand for energy will not fade with a rapidly increasing & diverse population, which is why energy projects will continue to be the primary focus.
With this in mind, Global Oil & Gas Limited will continue to actively seek out new projects that can create value for its shareholders.
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