HOUSTON, Nov. 13, 2007 (PRIME NEWSWIRE) -- Gulf Western Petroleum Corp. ("Gulf Western") (OTCBB:GWPC) (Frankfurt:GER) is pleased to announce that the Pope No. 1 four point flow test has been completed and the results are 254 Mcfd gas per day with a FTP of 1,190 psi on a 5/64" choke. The Pope No. 1 will initially be produced from a four-foot sand section from 3,315'-3,319'. The well is currently awaiting installation of production equipment and connection into the gathering system.
The Pope No. 1 Gas Unit is part of the Brushy Creek V Natural Gas Project in Lavaca County, Texas. The Brushy Creek V Project is a two well project generated by utilizing newly acquired 3D seismic data. Each of the two new wells will test amplitude anomalies with strong trough over peak 3D seismic expressions. The Goodrich-Delaplain No. 1 is the second well in this project and is currently undergoing completion and testing.
President Sam Nastat stated, "We are very pleased with the success of our Gulf Coast Frio projects. The Dewitt County Shamrock Project is now completed with five of five successful wells, and our Brushy Creek IV, V and VI projects in Lavaca County are coming on line as we anticipated."
This press release may include forward-looking statements based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. For example, the extraction and sale of natural gas from the wells involves a number of costs and risks, which may limit our ability to generate cash flow from the wells. In addition, the business of Gulf Western Petroleum Corporation is subject to a number of risks typical of an oil and gas exploration and development company including, among other things, the inherent uncertainties associated with oil and gas exploration; laws, environmental, judicial, regulatory, political and competitive developments in areas in which Gulf Western Petroleum Corporation operates; and technological, mechanical and operational difficulties encountered in connection with Gulf Western Petroleum Corporation's activities.