Texon Runs Production Tests at 2nd Eagle Ford Well

- Texon Runs Production Tests at 2nd Eagle Ford Well

Wednesday, August 31, 2011
Global Petroleum Ltd.

Texon has advised that the second Eagle Ford well in which Global has an interest (Tyler Ranch EFS #2H) has tested oil and gas at the rates of 1,488 bopd and 700 mcfgpd (combined 1,605 boepd) through a 16/64" choke at a flowing tubing pressure of 3,000 psi.

The well is located just to the north of the first Eagle Ford well (Tyler Ranch EFS #1H) which had an initial test rate of 1,200 bopd through the same sized choke. Tyler Ranch EFS #2H also has a higher flowing pressure than the first Eagle Ford well. The second Eagle Ford well has been connected for oil and gas production through the EFS #1H production facilities.

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.

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McMoRan Runs at Rate of 54 MMcf/d at Laphroaig Well

McMoRan Runs at Rate of 54 MMcf/d at Laphroaig Well

Wednesday, April 13, 2011
McMoRan Exploration Co.

McMoRan announced a successful production test at the Laphroaig No. 2 well in St. Mary Parish, Louisiana. The production test indicated a gross rate of approximately 54 million cubic feet of natural gas per day (MMcf/d) (approximately 15 MMcf/d net to McMoRan) and zero barrels of water on a 30/64th choke with flowing tubing pressure of 9,989 pounds per square inch (PSI). McMoRan will use the results of the production test to determine the optimal flow rate for the well. The well is expected to commence production in the second quarter of 2011 using facilities in the immediate area. McMoRan has a 37.3 percent working interest and a 28.5 percent net revenue interest in the Laphroaig field. EXXI holds an 18.6 percent working interest.