Gulf Western Tests Fifth Shamrock Well

The operator has advised Gulf Western that the Michael Collins No. 1 well stabilized at a flow rate of 310 mcfd with a (FTP) Flowing Tubing Pressure of 1230 psi. The Michael Collins No. 1 was drilled to a total depth of 3126' and completed from 2897' to 2909'.

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 approximately 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 has all five wells in the Shamrock Project completed and tested. These wells are the Polinard-Lee No. 1 well; the Miller-Thomas No. 1; the Bushmill No. 1, the Red Breast No. 1, and the Michael Collins No. 1. All five wells flow tested in excess of 300 Mcfd and are awaiting meters to be set at the delivery point of the pipeline.

President Sam Nastat stated "We are more than pleased with the success of this Project and are looking forward to the results achieved in our Frio Prospect the Brushy Creek Project in Lavaca County Texas."