Last checked at 11 Oct 2010 07:40
11 October 2010
RNS AIM release
GOOD OIL AND GAS SHOWS AT FIRST EAGLE FORD HORIZONTAL WELL
Texon Petroleum Ltd (ASX: TXN) has advised that the Tyler Ranch EFS #1H well has drilled into the Eagle Ford Shale at the depth of 3,252m (10,670ft) and has encountered good oil and gas shows.
The well will now drill 1,372m (4,500ft) laterally within the Eagle Ford at which time production casing will be run. Drilling and casing the well are anticipated to take 12 -14 days.
Hydraulic fracture stimulation and testing of the well are scheduled for early November.
Global has a 7.939% working interest (5.95% NRI) in the well.
Enquiries:
| Global Petroleum Limited | ||
| Clint McGhie | Tel | + 61 8 9322 6322 |
| | global.info@globalpetroleum.com.au | |
| Astaire Securities Plc (Nominated Adviser and Broker) | ||
| William Vandyk | Tel | +44 20 7492 4750 |