Global Petroleum Limited notes the announcement made by HRT Participações em Petróleo S.A. (HRT) and Galp Energia Group on 19 July 2013 of well results from their second exploration well, Murombe-1, located in Petroleum Exploration License 23 in the Walvis Basin, offshore Namibia.

The Murombe-1 exploration well was drilled at water depths of approximately 1,390 metres to a total well depth of 5,729 metres. The main objective of the well was to test the resource potential of the Murombe basin fan system and to penetrate two target reservoirs. Although the well failed to locate the presence of quality reservoir, the Global Directors and technical management team note the further occurrence of an Aptian marine source in Murombe, as encountered in the previously drilled Wingat-1 well.

Tags: Global Petroleum