Global Oil & Gas : Annual Report to shareholders

(formerly Global Vanadium Limited)

Annual Report

for the year ended 30 June 2020

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CONTENTS
CORPORATE INFORMATION..............................................................................................	3
DIRECTOR'S REPORT .........................................................................................................	4
AUDITOR'S INDEPENDENCE DECLARATION......................................................................	16
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME17
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ....................................................	18
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY .....................................................	19
CONSOLIDATED STATEMENT OF CASH FLOWS.................................................................	20
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ................................................	21
DIRECTORS' DECLARATION .............................................................................................	42
INDEPENDENT AUDITOR'S REPORT .................................................................................	43
CORPORATE GOVERNANCE STATEMENT .........................................................................	47
ADDITIONAL SECURITIES EXCHANGE INFORMATION .......................................................	48
SCHEDULE OF TENEMENTS..............................................................................................	50

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CORPORATE INFORMATION

ABN 80 112 893 491
Directors
Christopher Zielinski	Chairman
Patrick Glovac	Non-Executive Director
Anna MacKintosh	Non-Executive Director/Company
		Secretary
Troy Hayden		Non-Executive Director
Jason Brewer	Non-Executive Director
Company secretary
Mrs Anna MacKintosh
Registered and Principal Office
22 Townshend Road
Subiaco WA 6008
Telephone:	08 6380 2470
Website:	www.globaloilandgas.com.au

Share register

Advanced Share Registry

110 Stirling Highway

Nedlands WA 6009

Telephone:

08 9389 8033

Solicitors

Nova Legal

Level 2, 50 Kings Park Road

West Perth WA 6005

Bankers

NAB

100 St. Georges Terrace

Perth WA 6000

Auditors

BDO Audit (WA) Pty Ltd

38 Station Street

Subiaco WA 6008

Securities Exchange Listing

Global Oil and Gas Limited shares are listed on the Australian Securities Exchange (ASX: GLV)

Appointed 10 August 2018

Appointed 10 August 2018

Appointed Interim Non- executive Director 11 February 2020 - 11 March 2020

Appointed 11 March 2020

Resigned 11 February 2020

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DIRECTOR'S REPORT

Your directors present their report together with the financial statements of the Group consisting of Global Oil and Gas Limited ("the Company") and the entities it controlled during the year for the financial year ended 30 June

2020. In order to comply with the provisions of the Corporations Act 2001, the Directors' report as follows:

Directors

The names of directors who held office during or since the end of the period and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated.

Mr Chris Zielinski (Non-ExecutiveChairman) Bachelor of Laws and Bachelor of Commerce (Finance)

Experience and expertise	Mr Zielinski is a corporate lawyer with over 10 years' experience. He is a director
	at the West Australian corporate law firm, Nova Legal. Mr Zielinski primarily works
	in mergers and acquisitions, capital raisings, regulatory compliance and
	commercial transactions with particular experience in the resources and technology
	sectors. Mr Zielinski was appointed to the board on 10 August 2018.
Other current	None
directorships
Former listed directorships	Non-executive Director Caeneus Mineral Ltd (ASX:CAD)
in last 3 years
Mr Patrick Glovac B.Com (Non-Executive Director) Bachelor of Commerce, Diploma of Management
Experience and expertise	In 2013 Mr Glovac co-founded GTT Ventures Pty Ltd (GTT), a boutique corporate
	advisory firm, specialising in the resource and technology sector. GTT has funded
	numerous listed and private companies since its inception across multiple markets
	including Australia, USA and the United Kingdom. Previously he worked as an
	investment advisor for Bell Potter Securities Limited since 2003, focusing on high
	net-worth clients and corporate advisory services. Mr Glovac was appointed to the
	board on 10 August 2018.
Other current	Executive Director TAO Commodities Ltd (ASX:TAO)
directorships	Non-executive Director Prominence Energy NL (ASX:PRM)
Former listed	Non-executive Director Force Commodities Ltd (ASX.4CE) resigned 17/10/2017
directorships in last 3	Non-executive Director Stemify (ASX.SF1 previously ASX.RBO) resigned
years	28/8/2018
	Non-executive Director Cirrus Network Holdings Ltd (ASX:CNW) resigned
	23/7/2018

Mr Troy Hayden (Non-Executive Director) appointed 11 March 2020

Experience and expertise Mr Hayden has more than 25 years' experience in the upstream oil and gas industry. He has worked on numerous oil and gas asset acquisitions, divestments and M&A transactions. He is currently the Business Development Manager at Transborder Energy, a small scale Floating LNG company. He was the CEO/Managing Director at ASX listed, Tap Oil for 6 years and worked at Woodside Petroleum for 12 years, where he held a number of positions, including Treasurer, Acting CFO, Vice President of the USA Business Unit and Vice President of the Pluto Business Unit. He has consulted to a number of resource companies, working with First Quantum Minerals (Acting CFO), QR National (Group Treasurer), and Western Gas.

Other current	None
directorships
Former listed	None
directorships in last 3
years

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