Global Petroleum Regulatory News (GBP)

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:

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