Wednesday, June 15, 2011
Global Petroleum Ltd.
Texon has advised that Tyler Ranch EFS #2H commenced drilling on June 12, 2011. This is the second Eagle Ford well in which Global Petroleum Limited ("Global") has an interest.
Tyler Ranch EFS #2H is located immediately north of the first Eagle Ford well ("Tyler Ranch EFS #1H") which had an initial production rate of 1,200 bopd. The well will have a 4,500 feet horizontal section similar to Tyler Ranch EFS #1H, and it is expected that drilling and casing operations will take 35 days. Fracture stimulation and testing of the well are scheduled for August.
Global has a 7.939% working interest (5.95% NRI) in Tyler Ranch EFS #1H and Tyler Ranch EFS #2H.
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