Second Eagle Ford Well Update

RNS Number : 9332M

Global Petroleum Ltd

24 August 2011

 



24 August 2011

RNS AIM release

Global Petroleum Limited - Second Eagle Ford Well -Testing Begins

Texon Petroleum Ltd (ASX: TXN) has advised that the second Eagle Ford well in which Global has an interest (Tyler Ranch EFS #2H) has been successfully fracced over 17 stages and will now be tested.  The recovery of frac fluid will probably take a few days after which Texon will conduct a proper flow test of the well.

Global has a 7.939% working interest in approximately 1,651 acres beneath the Olmos formation including the Eagle Ford Shale.  Global's interest in the Leighton prospect also includes a 15% working interest in approximately 873 acres from the surface down to the stratigraphic equivalent of the Olmos formation. 

Enquiries:

Global Petroleum Limited
Clint McGhie	Tel	+ 61 8 9322 6322
	Email	[e-mail]
Northland Capital Partners Limited (Nominated Adviser and Broker)
William Vandyk	Tel	[phone]

 

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