Gulf Western Completes Flow Tests on the Miller-Thomas Gas Unit

Gulf Western Petroleum has completed flow tests on the Miller-Thomas No. 1 gas unit. The operator has advised Gulf Western that the Miller-Thomas well stabilized at a flow rate of 310 mcfd with a (FTP) Flowing Tubing Pressure of 1240 psi. The Miller-Thomas well was drilled to a total depth of 3166' and completed from 3128' to 3146'.

The Miller-Thomas No.1 is the third well tested in the Shamrock Project. The test results of the first three wells are as follows:

Polinard Lee No. 1 - 325 mcfd with FTP 950 psi

Bushmill No. 1 - 310 mcfd with FTP 1120 psi

Miller-Thomas No. 1 - 310 mcfd with FTP 1240 psi

The Shamrock Project located in Dewitt County, Texas is a five (5) well Frio-age prospect identified through newly acquired 3-D seismic. The Project target formation is the Jameson Sand at 3200 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 per day with estimated total recoverable reserves of approximately 500 million cubic feet to 1 Billion cubic feet. Gulf Western holds a 90% working interest in the Project.