Leighton Prospect Reserves Co

RNS Number : 6487U

Global Petroleum Ltd

29 June 2009

 



29 June 2009

RNS AIM release

TEXON PETROLEUM LIMITED ANNOUNCEMENT - RESERVES CONFIRMATION

Global Petroleum Limited advise that Texon Petroleum Limited has released an announcement in relation to the Leighton Prospect. The full announcement is below. 

Enquiries:

Global Petroleum Limited
Shane Cranswick	Tel	+ 61 8 9322 6322
	Email	[e-mail]
Astaire Securities Plc (Nominated Adviser and Broker)
William Vandyk	Tel	[phone]

29 June 2009 

RESERVES CONFIRMATION

Further to the Company's reserves announcement on 19 June 2009, a formal reserves report has been completed which has found that proved reserves remaining as at 30 June 2009 are estimated at 1.1 mmboe which is slightly in excess of the information reported in the above release. This is an increase of almost 60% on the reserves of the Company at December 2008. 

In addition, probable reserves (less certain than proved reserves) as at 30 June 2009 are estimated at 0.5mmboe also slightly higher than the information provided in the 19 June 2009 release. 

The information was prepared by Delilah B Hainey of Hainey & Hainey, a reservoir consultant who is qualified in accordance with ASX Listing Rule 5.11 and who has consented to the reserves contained in the report being released. 

-ENDS- 

For further information, please contact: 

Dr John Armstrong 

Chairman 

Brisbane: 07 3211 1122 

or 

Mr David Mason 

Chief Executive Officer 

Brisbane: 07 3211 1122 

Houston: [phone] (Houston is 15 hours behind Aust Eastern Standard time) 

Glossary: 

mmboe:     million barrels of oil equivalent (including gas converted to oil equivalent barrels on basis 
                   of 6mcf to 1 barrel of oil equivalent)

 

END

 

 

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