Last checked at 23 Jul 2010 10:39
23 July 2010
RNS AIM release
DRILLING TO COMMENCE ON SEVENTH LEIGHTON DEVELOPMENT WELL
Texon Petroleum Ltd (ASX: TXN) has advised that the seventh Leighton well, Tyler Ranch #6, is scheduled to begin drilling next week. The well has a planned total depth of 2,743 metres (9,000 feet) and will take about 15 days to drill. The well will penetrate the Olmos reservoir at approximately 2,706 metres (8,880 feet), which is the same oil and gas reservoir as is producing in the first six (6) Leighton wells (Peeler #1, Tyler Ranch #1, #2, #3, #4 and #5). Tyler Ranch #6 is located 366 metres west of Tyler Ranch #3.
If the wire line electric logs indicate producible oil and gas in the Olmos reservoir, the well will be completed as the seventh oil and gas producer from this zone.
Global has a 15% working interest (11.25% net revenue interest) in the Leighton Project.
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 / Charles Vaughan | Tel | +44 20 7492 4750 |