Corporate News

Corporate News


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Wechsel im Vorstand: Dr. Detlef Mader wird neuer Vorstand der
Global Oil & Gas AG, Jan M. Herbst hat sein Amt als Vorstand wie geplant niedergelegt.

Die Global Oil & Gas AG (GOG AG) gibt bekannt, dass Dr. Detlef Mader vom Aufsichtsrat in den Vorstand entsandt wurde und zum Alleinvorstand der Gesellschaft berufen worden ist. Jan M. Herbst hat sein Amt mit sofortiger Wirkung niedergelegt. [mehr]

 

 

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Bekanntmachung

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Global Oklahoma Production LLC sells projects [more]

Sale/Restructuring of the participation in Global Oklahoma Production LLC[more]

Sale of gas projects in Alabama and Oklahoma for USD 1.4 m to further reduce corporate debt

Global Oil & Gas AG (GOG) announced, that its subsidiary Global Oil and Gas Fields Oklahoma, LLC (GOG F OK), Tulsa, Oklahoma has sold two participations in Coalbed Methane projects in Alabama as well as a participation in a gas project in Oklahoma through an auction. Based on the positive market sentiment the overall sales price for those participations reached approximately USD 1,400.000,00, resulting in a significant book gain. [more]

Development of Exploration at Adler Energy LC

Planned Exit from the Entry Standard[more]

Takeover of a 40% participation in a Michigan oilfield through a deed-in-lieu transaction[more]

In the financial year 2012, the Global Oil & Gas AG Group (GOG) increased Group Revenues by 39% to TEUR (Thousand Euros) 1,796, after TEUR 1,289 in the prior year. This increase ismainly the result of the (first time) full consolidation of Adler Energy, LC (Adler). While revenues from natural gas sales dropped by 33% year-on-year due to depletion and lower natural gas prices, revenues from oil sales rose by 69%. [more]

Joint Development of Certain Prospects with Countrymark Energy Resources, LLC[more]

Reduction of the Registered Capital of the Company to EUR 4,975,056.00 has been registered in the Commercial Register


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Release of Consolidated 2011 Results: Significant Increase of EBITDA, Adler Acquisition finalized, Extraordinary Write-Offs due to Low Natural Gas Prices

In the financial year 2011, the Global Oil & Gas AG Group (GOG) increased Group Revenues by 23% to TEUR (Thousand Euros) 1,289, after TEUR 1,046 in the prior year. This increase is mainly the result of the partial consolidation of Adler Energy, LC (Adler). Without this effect, GOG would have recorded an increase of group revenues of 8% to 2010 on a like-for-like basis. Revenues from natural gas sales dropped 7% year-on-year due to lower realized natural gas prices, while revenues from oil sales (excluding Adler) rose by 18% which again was mainly due to higher average oil prices throughout the year. [mehr]

Global Oil & Gas AG shares will be listed in the Entry Standard, starting April 20th 2012 [more]

Successful First New Offset Well in the Hoosierville Field
(a/k/a Thomas Field). Offset wells increase the existing production of an oil field and can further extend its boundaries. Adler currently holds c. 95% working interest in the Hoosierville Field. [more]

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Voting Rights Announcement

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