13th Sep 2010 07:26
13 September 2010
RNS AIM release
SEVENTH LEIGHTON WELL FLOWS OIL AND GAS 350 BOEPD
Texon Petroleum Ltd (ASX: TXN) has advised that that the seventh well on the Leighton Project, Tyler Ranch #6, has begun to flow oil and gas at the gross rate of 350 boepd from the Olmos reservoir (comprising 205 bopd and 880 mcf of gas per day) through a 10/64" choke at 2000 psi.
Tyler Ranch #6 has been 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 the well.
Glossary:
bbl: barrel
boepd: barrels of oil equivalent per day (including gas converted to oil equiv barrels on basis of 6 mcf to 1 barrel of oil equiv)
bopd: barrels of oil per day
mcf: thousand cubic feet
mmbtu: million British thermal units
psi: pounds per square inch
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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