Gulf Western Gets Bushmill No. 1 Results

Gulf Western reports flow test results of the Bushmill No. 1 gas unit. The operator has advised Gulf Western that the Bushmill well stabilized at a flow rate of 310 mcfd with a (FTP) Flowing Tubing Pressure of 1120 psi. The Bushmill well was drilled to a total depth of 3,196 feet and completed from 3,118 feet to 3,132 feet.

The Bushmill No. 1 is the second well tested in the Shamrock Project. The Shamrock Project located in Dewitt County, Texas is a five well Frio-age prospect identified through 3-D seismic.

The Project target formation is the Jameson Sand at 3,200 feet. Frio-age wells have proven to be prolific natural gas producers throughout the Texas Gulf Coast region.

Typical Frio wells produce at approximately 200 to 300 Mcf/d with estimated total recoverable reserves of approximately 500 MMcf to 1 bcf. Gulf Western holds a 90% working interest in the Project.