Project Update

RNS Number : 7378O

Global Petroleum Ltd

12 March 2009

 



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:

Global Petroleum Limited
Shane Cranswick	Tel	+ 61 8 9322 6322
	Email	[e-mail]
Blue Oar Securities Plc (Nominated Adviser and Broker)
William Vandyk/ Olly Cairns	Tel	[phone] [phone]

 

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