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11 Oct 2011 07:33
11 October 2011
RNS AIM release
Global Petroleum Limited - Second Eagle Ford Well - 30 Day Result
Texon Petroleum Limited (ASX: TXN) has advised that during its first 30 days of production, the second Eagle Ford well in which Global has an interest, Tyler Ranch EFS #2H, produced 30,400 boe (92% oil). The first Eagle Ford well, Tyler Ranch EFS #1H, produced 19,651 boe in its first 30 days.
Global has a 7.939% working interest (5.95% NRI) in approximately 1,651 acres beneath the Olmos formation including the Eagle Ford Shale. Global's interest in the Leighton prospect also includes a 15% working interest in approximately 873 acres from the surface down to the stratigraphic equivalent of the Olmos formation.
Enquiries:
Global Petroleum Limited | ||
Peter Hill | Tel | +44 20 7867 8600 |
Managing Director and CEO | ||
Clint McGhie | Tel | +61 8 9322 6322 |
Company Secretary | global.info@globalpetroleum.com.au | |
Northland Capital Partners Limited (Nominated Adviser and Broker) | ||
William Vandyk | Tel | +44 20 7796 8800 |
Glossary:
bbl: barrel
bo: barrels of oil
boe: barrels of oil equivalent
boepd: barrels of oil equivalent per day (including gas converted to oil equiv barrels on basis of 6 mcf to 1 barrel of oil equivalent)
bopd: barrels of oil per day
mcf: thousand cubic feet
mcfg: thousand cubic feet of gas
mmcfg: million cubic feet of gas
mcfgpd: thousand cubic feet of gas per day
mmbtu: million British thermal units
NRI: Net Revenue Interest
psi: pounds per square inch
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