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Global is already listed on the Australian Stock Exchange (ASX), where it has a market capitalisation of approximately A$113.4 million, up from A$22 million at the time of the 2003 AGM.
It closed its first day of trading on the AIM at 44.5 pence (A$1.08). Global closed yesterday on the ASX at A$0.79.
No more shares have been issued as part of the listing and the total number of shares trade equally on both exchanges, said chairman Dr John Armstrong.
“The AIM listing is part of a plan to develop Global Petroleum into a company with a sound portfolio of petroleum exploration projects, which has access to the appropriate capital markets,” Armstrong said.
Global’s key assets are offshore Kenya, where the Company’s share of costs arecarried through two wells, and holdings in two separate AIM-traded companies focused on oil & gas and mineral exploration in the Falkland Islands
