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  2. Share Prices
  3. Global Petroleum Share Price
  4. Global Petroleum Share Regulatory News
  5. First Eagle Ford Well Update

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Global Petroleum Information
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First Eagle Ford Well Update

11 Oct 2010 07:40

RNS Number : 1541U
Global Petroleum Ltd
11 October 2010
 



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

Email

global.info@globalpetroleum.com.au

Astaire Securities Plc (Nominated Adviser and Broker)

William Vandyk

Tel

+44 20 7492 4750

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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