Sasanof-1 Intermediate Hole Section Drilled, Cased & Cemented

Global Oil & Gas Limited is pleased to announce that Western Gas (“WGC”) has provided an operational update on the drilling of the Sasanof-1 exploration well.

Highlights

• Over the weekend the 17-1/2” hole section was drilled to planned depth at 2072.7mTVDBRT.
• The geology of the intermediate section was assessed via the Logging While Drilling tools and all formation tops were in accordance with pre- drill predictions. This illustrates the excellent quality seismic data and demonstrates consistency with the near-by Mentorc-1 and Mentorc-2 discoveries.
• 13-3/8” casing was run and cemented in accordance with the Well Operations Management Plan.
• The next stage of operations has commenced with the rig Blow Out Preventer (BOP) and marine riser being prepared for deployment.
• This will be followed by drilling operations in the 12-1/4” target hole section through the target reservoir intervals.

ABOUT SASANOF

The Sasanof Prospect covers an area of up to 400 km2 and is on trend and updip of Western Gas’ liquids rich, low C02 Mentorc Field.

Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau.

Sasanof-1 will be Western Gas’ first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C Gaffney Cline2). The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.

Authorised by the Board of Global Oil & Gas Limited.

For further information please contact:

Patric Glovac

Director

info@globaloilandgas.com.au

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