Global Oil & Gas Limited (ASX: GLV) has changed terms regarding the sale of its 100% owned Exploration Permit 127, the Southern Georgina Project, to Westmarket Oil & Gas Pty Ltd along with an increase to the transaction relating to the end date from 30 November 2019 to 24 January 2020.
- The Company has been informed by the Buyer that a further extension of 90 days would be required to satisfy the conditions precedent for completion of the Transaction;
- The Company believes that retaining 100% ownership of EP127 will give shareholders greater certainty moving forward.
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