Business
Leighton Status Report
Leighton Status Report.
About this update from Geo Exploration Limited
[{"type":"text","content":"\n RNS Number : 4410J Global Petroleum Ltd 03 December 2008 \n \n\n\n\n3 December 2008\n\nLEIGHTON - STATUS REPORT\n\nTexon Petroleum Limited (ASX:TXN) have advised that the flowing tubing pressure of the first well on the Leighton prospect Peeler #1 is close to stabilising with oil and gas flow rates continuing to show some fluctuation. In recent days the well has been flowing at between 170 and 200 boepd (110 to 130 bopd and 360 to 420 mcfgpd) with an average of 8 bwpd.\n\nThe well was connected to oil tanks and to pipeline for gas sales within 11 days of initial testing. As of 30 November the well has produced a gross 4,269 bbl of oil and gas sales of 10,588mcf.\n\nThe gas has a heating value of about 1,350btu/cubic foot, which is achieving a premium sales price, some 30-35% above the benchmark Texas gas price.\n\nGlobal is earning a 15% WI in Leighton.\n\n\nGlossary:\nbbl: barrels\nboepd: barrels of oil equivalent per day\nbopd: barrels of oil per day\nbwpd: barrels of water per day\nbtu: British thermal units\nmcf thousand cubic feet\nmcfgpd: thousand cubic feet of gas per day\nWI: Working Interest\n\n\nEnquiries:\n\n\n\n\n\nGlobal Petroleum Limited\n\n\nTel\n\n\n+1505 344 2822\n\n\n\n\nMark Savage, Chairman\n\n\nFax\n\n\n+1505 344 2922\n\n\n\n\n\n\n\nEmail\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBlue Oar Securities Plc\n(Nominated Adviser and Broker)\n\n\nTel\n\n\n+44 20 7448 4400\n\n\n\n\nWilliam Vandyk/Jerry Keen\n\n\n\n\n\n \n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DRLFKNKPOBDKQBK \n ","length":4843,"tagName":"div"}]