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First Eagle Ford Well Update

25 Oct 2010 07:19

RNS Number : 9246U

Global Petroleum Ltd

25 October 2010

RNS AIM release

FIRST EAGLE FORD WELL TESTING - MID NOVEMBER

Texon Petroleum Ltd (ASX: TXN) has advised that it has finished drilling the first Eagle Ford well (Tyler Ranch EFS #1H). Strong oil and gas shows were observed throughout drilling 4,500ft horizontally within the Eagle Ford reservoir. Production casing has been run in preparation for the fracture stimulation which has been contracted and is expected to begin in the second week of November. After this work has been completed, the well will be production tested with results anticipated in the second half of 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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