Completion of 25% interest in Multi TCF Sasanof Prospect
PH 08 9388 0051 | 22 Townshend Road, Subiaco WA 6008 | ABN 80 112 893 491 www. global oilandgas .com.au 23rd November 202 1 ASX ANNOUNCEMENT Completion of acquisition of 2 5 % interest in Drill Ready Multi TCF Sasanof Prospect The Company is pleased to announce that following satisfaction of the remaining conditions precedent, including all necessary shareholder and regulatory approval s , that completion of the 2 5 % acquisition of Western Gas (519P) Pty Ltd has now occurred. Allotment of shares and options for the Tranche 2 Placement, Vendor Performance Shares, F acilitator F ees , B roker and Lead Manager Capital Raising Fees, Finance Facility, and Convertible Notes occurred 22 November 202 1 (refer Appendix 2A dated 22 Nov 202 1 ). Further updates on the progress of the Sasanof Prospect will be provided to shareholders shortly. Global O il and Gas Director, Patric Glovac commented: “This is a very exciting time for GLV shareholders in completing the Sasanof transaction and gaining exposure to a multi TCF and billion - barrel equialint target of gas and condensate in the North West Shelf. W e look forward to working closely with Western Gas over the coming months as we move towards spudding of the well anticipated for Q1 2022.” Authorised by the Board of Global Oil & Gas Limited. For further information please contact: Patric Glovac Director firstname.lastname@example.org
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