Global Petroleum Ltd
03 January 2007
3 January 2007
Global Petroleum Ltd
Kenya - Drilling Report No 5
Well Name: Pomboo No. 1
Licence: Kenya L-5
Operator: Woodside Energy (Kenya) Pty Ltd
Joint Venture: Woodside Energy (Kenya) Pty Ltd 30%
Dana Petroleum (E&P) Limited 30%
Repsol Exploracion S.A. 20%
Global Petroleum Limited 20%
Start Date 2 December 2006 at 1915* hours
Depth at 0700 4,004 metres (1,811 metres below seabed). Preparing to run 13
Hours (Bris time) 3/8 inch casing and then drill ahead in a few days time. The
on 3 January 2007* planned total depth is about 5,000 metres and the objectives
of the well are towards the deeper part of the interval that
remains to be drilled.
Footnote: Another transaction is pending which, subject to the necessary
permissions, will result in the transfer of a 3% interest in L-5 and L-7 from
Dana to Repsol, resulting in Repsol having a 23% interest in L-5 and L-7 and
Dana a 27% interest.
* Australian Eastern Standard Time
The technical information in this report was prepared by Dr John Armstrong PhD,
BSc (1st Hons) Geo, executive Chairman of Global Petroleum Limited who has 35
years experience in the upstream oil and gas industry. The information has been
reviewed as to its reliability by Mr Wal Muir BSc Hons (UNSW) MBA (UQ), who is a
partner in MBA Petroleum Consultants. MBA provides independent technical advice
to Global. Wal Muir has over 27 years experience in the petroleum exploration
industry both in Australia and overseas. He is a Distinguished Member of the
Petroleum Exploration Society of Australia and a member of the Australian
Society of Exploration Geophysicists.
John Armstrong
Executive Chairman
Telephone: +61 7 3211 1122
Fax: +61 7 3211 0133
Web: www.global-petroleum.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange