Project Update

17 Apr 2009 07:00



17 April 2009

RNS AIM release

SECOND LEIGHTON WELL (TYLER RANCH #1) FLOWS OIL AND GAS - 420 BOEPD

Global Petroleum Limited ("Global" or "the Company") is pleased to announce that Texon Petroleum Limited (ASX: TXN) have advised that the second well on the Leighton Prospect, Tyler Ranch #1, is flowing oil and gas at the rate of approximately 420 boepd comprising some 260 bopd and 950 mcf of gas per day through a 10/64" choke, at a flowing pressure at the surface of about 2,900 psi. This is a smaller choke than used at the first Leighton well ("Peeler #1") which flowed about 400 boepd through a 16/64" choke at 1,500psi and this indicates that Tyler Ranch #1 is performing better than Peeler #1.

Tyler Ranch #1 is already connected to oil tanks and a gas sales pipeline so that Global will now begin to obtain revenue from the production.

Global has a 15% working interest (11.25% net revenue interest) in Tyler Ranch #1.

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