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Global Petroleum reports flow rates from fifth Leighton well

18 November 2009

Australian oil and gas group Global Petroleum has reported flows of 480 barrels of oil equivalent per day (boepd) from the latest well on its Leighton prospect on the Gulf Coast of Texas, US.

Texon Petroleum, the 70% owner and operator of well Tyler Ranch #4, advised that the flows had comprised 410 barrels of oil per day and 425 thousand cubic feet gas per day from the Olmos reservoir through a 10/64" choke at a flowing surface pressure of 2150psi.

Tyler Ranch #4 is the fifth well on the Leighton prospect, with the first four wells initially producing through 10/64" and 12/64" chokes at rates of 360 to 500 boepd.

A smaller 8/64" choke will now be used in the Tyler Ranch #4 to investigate the performance of the well under different conditions from the first four wells.

Information gained from Tyler Ranch #4 together with engineering data from the first four wells will assist in planning the development of the field with further production wells. The data will help in determining the appropriate well spacing to drain the field to maximize the recovery of oil and gas from the reservoir.

Global has a 15% working interest (11.25% net revenue interest) in the Leighton project with joint venture parties Texon and Excellong, Inc (15%).

Industry Sector

Oil & Gas Exploration & Production

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Global Petroleum Limited

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