Leighton Olmos Flows O&G at Peeler Well

- Leighton Olmos Flows O&G at Peeler Well

Monday, August 15, 2011
Global Petroleum Ltd.

Texon has advised that the latest Leighton Olmos vertical production well, Peeler #3, has begun to flow oil and gas at the combined rate of 370 boepd from the Olmos reservoir (comprising 325 bopd and 268 mcfgpd). This is the ninth well targeting the Olmos reservoir in which Global has a 15% working interest (11.25% net revenue interest).

This is a good result as the closest three Olmos production wells, Peelers #1 and #2 and Tyler Ranch #5 tested at initial rates of 170 to 445 boepd.

The well will be connected for production to oil tanks and the gas pipeline in the next two weeks.

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Texon Reaches TD at Leighton Olmos Well

- Texon Reaches TD at Leighton Olmos Well

Thursday, July 21, 2011
Global Petroleum Ltd.

Texon Petroleum has advised that the latest Leighton Olmos vertical production well, Peeler #3, has reached its total vertical depth of 2,774 meters (9,100 feet). This is the ninth well targeting the Olmos reservoir in which Global has a 15% working interest (11.25% net revenue interest).

Peeler #3 is the northern most well drilled to date in the Leighton field. The targeted Olmos sand in Peeler #3 has reservoir characteristics similar to the other Olmos production wells.

Production casing has been installed in the well in preparation for fracture stimulation in August. The well will then be connected for oil and gas production.

The closest three Olmos production wells, Peelers #1 and #2 and Tyler Ranch #5 tested at initial rates of 170-445 boepd, including 80% oil, although as production progresses the proportion of gas increases.

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Texon Begins Drilling at Leighton Well

- Texon Begins Drilling at Leighton Well

Thursday, June 16, 2011
Global Petroleum Ltd.

Texon has advised that the latest Leighton Olmos vertical production well, Peeler #3, commenced drilling on June 15, 2011. This is the ninth well targeting the Olmos reservoir in which Global has a 15% working interest (11.25% net revenue interest).

The well has a planned total depth of 2,743 meters (9,000 feet) and will take some 15 days to drill and run production casing. Fracture stimulation and testing of the well are scheduled for August.

Global has a 15% working interest in approximately 873 acres from the surface down to the stratigraphic equivalent of the Olmos formation. Global currently has an interest in 8 producing Olmos wells. Global also has a 7.939% working interest in approximately 1,651 acres beneath the Olmos formation including the Eagle Ford Shale. Global currently has an interest in 1 producing Eagle Ford well and one Eagle Ford well that commenced drilling on June 12, 2011.

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Texon Turns on Taps at Leighton Olmos Well

Texon Turns on Taps at Leighton Olmos Well

Friday, April 08, 2011

Global Petroleum Ltd.

Texon has advised that that the eighth Leighton Olmos well in which Global has an interest, Peeler #2, has begun to flow oil and gas at the gross rate of 252 boepd from the Olmos reservoir (comprising 192 bopd and 360 mcf of gas per day).

Texon advise that Peeler #2 will be connected to oil tanks and a gas sales pipeline in the next two weeks.

Global has a 15% working interest (11.25% net revenue interest) in the well.