Second Eagle Ford Well Update

RNS Number : 2446H

Global Petroleum Ltd

25 May 2011

 



25 May 2011

RNS AIM release

Global Petroleum Limited - Second Eagle Ford Well Update

Texon Petroleum Ltd (ASX: TXN) has advised that Tyler Ranch EFS #2H, the second Eagle Ford horizontal well in which Global Petroleum Limited ("Global") has an interest, is now due to commence drilling by mid June, due to the late arrival of the rig from another operator.

Tyler Ranch EFS #2H is located immediately north of the first Eagle Ford well ("Tyler Ranch EFS #1H").  Global has a 7.939% working interest (5.95% NRI) in Tyler Ranch EFS #1H and Tyler Ranch EFS #2H.  A successful Eagle Ford well will be able to use the tanks and other production facilities already in place for the first Eagle Ford well.

Enquiries:

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

 

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