Project Update

RNS Number : 7315Q
Global Petroleum Ltd
17 April 2009
 





17 April 2009

RNS AIM release

SECOND LEIGHTON WELL (TYLER RANCH #1) FLOWS OIL AND GAS - 420 BOEPD


Global Petroleum Limited ('Global' or 'the Company') is pleased to announce that Texon Petroleum Limited (ASX: TXN) have advised that the second well on the Leighton Prospect, Tyler Ranch #1, is flowing oil and gas at the rate of approximately 420 boepd comprising some 260 bopd and 950 mcf of gas per day through a 10/64' choke, at a flowing pressure at the surface of about 2,900 psi. This is a smaller choke than used at the first Leighton well ('Peeler #1') which flowed about 400 boepd through a 16/64' choke at 1,500psi and this indicates that Tyler Ranch #1 is performing better than Peeler #1.


Tyler Ranch #1 is already 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 Tyler Ranch #1.






Enquiries:


Global Petroleum Limited



Shane Cranswick

Tel

+ 61 8 9322 6322


Email

global.info@globalpetroleum.com.au




Blue Oar Securities Plc (Nominated Adviser and Broker)



William Vandyk/Olly Cairns

Tel

+44 20 7448 4400

+61 8 6430 1630






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