16th Aug 2010 07:24
16 August 2010
RNS AIM release
SEVENTH LEIGHTON PRODUCTION WELL SUCCESSFUL
Texon Petroleum Ltd (ASX: TXN) has advised that Tyler Ranch #6 ("TR#6"), has reached its total depth of 2,774 metres (9,100 feet). This is the seventh well in the Leighton oil and gas field - all of which have been successful.
The targeted Olmos reservoir in TR#6 has a thickness similar to the Olmos in the previous six (6) Leighton wells and has similar reservoir characteristics. It is now planned to run production casing in the well after which the well will be fracture stimulated (in the next 15-20 days) and then will be connected for oil and gas production.
Global has a 15% working interest (11.25% net revenue interest) in 830.4 acres of Olmos reservoir at the Leighton Project.
Enquiries:
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Global Petroleum Limited |
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Clint McGhie |
Tel |
+ 61 8 9322 6322 |
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Astaire Securities Plc (Nominated Adviser and Broker) |
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William Vandyk |
Tel |
+44 20 7492 4750 |
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