12th Mar 2009 07:00
12 March 2009
RNS AIM release
SECOND LEIGHTON WELL (TYLER #1) UPDATE
Global Petroleum Limited ("Global" or "the Company") is pleased to announce that Texon Petroleum Limited (ASX: TXN) have advised that the second Leighton well (Tyler Ranch #1) has reached its total depth.
The target oil and gas reservoir was encountered as predicted with a gas show of over 2,000 units on the mud log over a 20-30 foot (6-9 metre) interval.
The oil and gas productive zone in the first Leighton well (Peeler #1) is 26 feet (8 metres) thick and also had a gas show of over 2,000 units when drilled.
Electric logs will now be run in Tyler Ranch #1 to investigate the physical properties of the reservoir which will indicate if the gas represents a potentially productive interval in the well.
Global has now earned a 15% Working Interest in the Leighton project.
Enquiries:
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Global Petroleum Limited |
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Shane Cranswick |
Tel |
+ 61 8 9322 6322 |
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Blue Oar Securities Plc (Nominated Adviser and Broker) |
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William Vandyk/ Olly Cairns |
Tel |
+44 20 7448 4400 +61 8 6430 1630 |
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