Gulf Western Petroleum Announces Third Shamrock Well Test: Miller-Thomas No. 1 Flow Tests at 310 MCFD



    HOUSTON, TX, Oct. 22 /CNW/ - Gulf Western Petroleum Corporation ("Gulf
Western") (OTCBB: GWPC / Frankfurt: GER), is pleased to announce flow test
results of the Miller-Thomas No. 1 gas unit. The operator has advised Gulf
Western that the Miller-Thomas well stabilized at a flow rate of 310 mcfd with
a (FTP) Flowing Tubing Pressure of 1240 psi. The Miller-Thomas well was
drilled to a total depth of 3166' and completed from 3128' to 3146'.
    The Miller-Thomas No.1 is the third well tested in the Shamrock Project.
The test results of the first three wells are as follows:

    
        Polinard Lee No. 1 -    325 mcfd with FTP 950 psi
        Bushmill No. 1 -        310 mcfd with FTP 1120 psi
        Miller-Thomas No. 1 -   310 mcfd with FTP 1240 psi
    

    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 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 holds a 90% working interest in the
Project.

    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.





For further information:

For further information: Company: Gulf Western Petroleum Corporation:
Sam Nastat, President & Director, Telephone: (713) 355-7001,
www.gulfwesternpetroleum.com; North America: RedChip Companies, Inc., Investor
Relations, (800)-REDCHIP, Info@redchip.com, www.redchip.com; Europe: Vicarage
Capital Limited, London, England, (44) (0) 207 060 1303,
www.vicaragecapital.com

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GULF WESTERN PETROLEUM CORP.

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