10th Jan 2007 08:07
Global Petroleum Ltd10 January 2007 Global Petroleum Ltd10 January 2007 Kenya - Drilling Report No 6 Well Name: Pomboo No. 1 Licence: Kenya L-5 Operator: Woodside Energy (Kenya) Pty Ltd Joint Venture: Woodside Energy (Kenya) Pty Ltd 30% Dana Petroleum (E&P) Limited 30% Repsol Exploracion S.A. 20% Global Petroleum Limited 20% Start Date 2 December 2006 at 1915* hours Depth at 0700 4032 metres (1839 metres below seabed).Hours (Bris time)on 10 January 2007* 13 3/8"casing has been run and cemented to 4023 metres. The well is currently running in hole to drill towards its expected total depth of 5,370 metres. The objectives of the well are towards the deeper part of the interval which remains to be drilled. Footnote: Another transaction is pending which, subject to the necessarypermissions, will result in the transfer of a 3% interest in L-5 and L-7 fromDana to Repsol, resulting in Repsol having a 23% interest in L-5 and L-7 andDana a 27% interest. * Australian Eastern Standard Time The technical information in this report was prepared by Dr John Armstrong PhD,BSc (1st Hons) Geo, executive Chairman of Global Petroleum Limited who has 35years experience in the upstream oil and gas industry. The information has beenreviewed as to its reliability by Mr Wal Muir BSc Hons (UNSW) MBA (UQ), who is apartner in MBA Petroleum Consultants. MBA provides independent technical adviceto Global. Wal Muir has over 27 years experience in the petroleum explorationindustry both in Australia and overseas. He is a Distinguished Member of thePetroleum Exploration Society of Australia and a member of the AustralianSociety of Exploration Geophysicists. John ArmstrongExecutive ChairmanTelephone: +61 7 3211 1122Fax: +61 7 3211 0133Web: www.global-petroleum.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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