Last checked at 29 Jun 2009 07:47
29 June 2009
RNS AIM release
TEXON PETROLEUM LIMITED ANNOUNCEMENT - RESERVES CONFIRMATION
Global Petroleum Limited advise that Texon Petroleum Limited has released an announcement in relation to the Leighton Prospect. The full announcement is below.
Enquiries:
| Global Petroleum Limited | ||
| Shane Cranswick | Tel | + 61 8 9322 6322 |
| | global.info@globalpetroleum.com.au | |
| Astaire Securities Plc (Nominated Adviser and Broker) | ||
| William Vandyk | Tel | +44 20 7448 4400 |
29 June 2009
RESERVES CONFIRMATION
Further to the Company's reserves announcement on 19 June 2009, a formal reserves report has been completed which has found that proved reserves remaining as at 30 June 2009 are estimated at 1.1 mmboe which is slightly in excess of the information reported in the above release. This is an increase of almost 60% on the reserves of the Company at December 2008.
In addition, probable reserves (less certain than proved reserves) as at 30 June 2009 are estimated at 0.5mmboe also slightly higher than the information provided in the 19 June 2009 release.
The information was prepared by Delilah B Hainey of Hainey & Hainey, a reservoir consultant who is qualified in accordance with ASX Listing Rule 5.11 and who has consented to the reserves contained in the report being released.
-ENDS-
For further information, please contact:
Dr John Armstrong
Chairman
Brisbane: 07 3211 1122
or
Mr David Mason
Chief Executive Officer
Brisbane: 07 3211 1122
Houston: +1 281 419 4976 (Houston is 15 hours behind Aust Eastern Standard time)
Glossary:
mmboe: million barrels of oil equivalent (including gas converted to oil equivalent barrels on basis of 6mcf to 1 barrel of oil equivalent)