Leighton Update

RNS Number : 5504S
Global Petroleum Ltd
13 September 2010
 



13 September 2010

RNS AIM release

 

SEVENTH LEIGHTON WELL FLOWS OIL AND GAS 350 BOEPD

 

Texon Petroleum Ltd (ASX: TXN) has advised that that the seventh well on the Leighton Project, Tyler Ranch #6, has begun to flow oil and gas at the gross rate of 350 boepd from the Olmos reservoir (comprising 205 bopd and 880 mcf of gas per day) through a 10/64" choke at 2000 psi.

 

Tyler Ranch #6 has been connected to oil tanks and a gas sales pipeline so that Global will now begin to obtain revenue from the production. 

 

Global has a 15% working interest (11.25% net revenue interest) in the well.

 

 

 

Glossary:

bbl:            barrel

boepd:       barrels of oil equivalent per day (including gas converted to oil equiv barrels on basis of 6 mcf to 1 barrel of oil equiv)

bopd:         barrels of oil per day

mcf:           thousand cubic feet

mmbtu:      million British thermal units

psi:            pounds per square inch

 

 

 

Enquiries:

 

Global Petroleum Limited

Clint McGhie

Tel

+ 61 8 9322 6322

Email

global.info@globalpetroleum.com.au

Astaire Securities Plc (Nominated Adviser and Broker)

William Vandyk

Tel

+44 20 7492 4750

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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