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Global Petroleum Gives Woodside Kenya Notice to Terminate Partnership

05-29-2008

Global Petroleum Limited announced that after seeking legal advice, notice has been given to Woodside Energy (Kenya) Pty Limited terminating the Farm-In Agreement relating to certain interests in the Lamu Basin, offshore Kenya.

The termination notice has been given based on Woodside's refusal to drill a second exploratory well in the project area in accordance with the FIA and its failure to take any steps to remedy this refusal, which the Company considers to be a repudiation and breach of the FIA.