The well, which has reached its total depth of 2,774m, is the eighth well targeting the Olmos reservoir.

The company said that these shows will be evaluated using high resolution log analysis techniques, combined with side wall cores and pressure data to assess their importance.

The company has planned to run production casing in the well after which the Olmos will be fracture stimulated in March and then the well will be connected for oil and gas production.

Global has a 15% working interest in approximately 873 acres from the surface down to the stratigraphic equivalent of the Olmos formation.

Global also has a 7.939% working interest in approximately 1,651 acres beneath the Olmos formation including the Eagle Ford shale.