Global Petroleum Regulatory News (GBP)

23 Jan 2007 08:29

Global Petroleum Ltd23 January 2007 POMBOO NO. 1 DRILLING RESULT Woodside made the following announcement today in regard to the status ofPomboo. The technical information in this report was reviewed 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 alsobeen reviewed as to its reliability by Mr Wal Muir BSc Hons (UNSW) MBA (UQ), whois a partner in MBA Petroleum Consultants. MBA provides independent technicaladvice to Global. Wal Muir has over 27 years experience in the petroleumexploration industry both in Australia and overseas. He is a DistinguishedMember of the Petroleum Exploration Society of Australia and a member of theAustralian Society of Exploration Geophysicists. John ArmstrongExecutive ChairmanTelephone: 61 7 3211 1122Fax: 61 7 3211 0133Web: www.global-petroleum.co.uk ------------------ASX Announcement (ASX: WPL) Tuesday, 23 January 200710:30am (AWDT)------------------ -------------------Media InvestorsRob Millhouse Mike LynnW: + 61 8 9348 4281 W: + 61 8 9348 4283M: + 61 419 588 166 M: + 61 439 691 592E: rob.millhouse@woodside.com.au E: mike.lynn@woodside.com.au------------------ ------------------- Kenya Block L-5 Pomboo-1 Drilling Result Woodside Petroleum Ltd. reports that the Pomboo-1 exploration well in Block L-5of the offshore Lamu Basin in Kenya has reached a total depth of 4887 metres. After running a full suite of logging tools, Woodside has confirmed the absenceof hydrocarbons in the primary target zone between 4685 metres and total depth.The well encountered in excess of 200 metres of moderate to good qualityreservoir sandstones. The well is about 350km north-east of Mombasa in 2200 metres of water. Thedrillship, "Chikyu", is preparing to plug and abandon the well. All reported depths (except water depth) are referenced to the rig rotary table. The joint venturers are: Woodside Energy (Kenya) Pty Ltd 30% and operator;Repsol Exploracion S.A. 20%; Global Petroleum Ltd 20% and Dana Petroleum (E&P)Ltd 30%. End This information is provided by RNS The company news service from the London Stock Exchange