Gulf Western Petroleum Announces Update On Texas Shamrock Frio Project

    HOUSTON, TX, Sept. 20 /CNW/ - Gulf Western Petroleum Corporation ("Gulf
Western") (OTCBB: GWPC / Frankfurt: GER), is pleased to announce that, after
weather delays, completion operations have been successfully concluded on the
Shamrock Project in Dewitt County Texas. The Shamrock Project is a three (3)
well Frio-age project originally identified through 3-D seismic, with the
target formation being the Jameson sand at 3200 feet. The three wells drilled
are the Tulemore Dew No. 1 well (drilled to a depth of 3185'); the
Miller-Thomas No. 1 well (drilled to a depth of 3166'); and the Bushmills No.
1 well (drilled to a depth of 3196'). All three wells had good gas shows while
drilling and contain very promising log results. The three wells are now
completed with production tubing and packers in the hole. They are scheduled
to be tested the week of September 25th and connected to the sales line within
the next 15 days.
    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.
    President Sam Nastat stated, "We are very pleased with the drilling and
completion results in the Shamrock Project and are looking forward to the test
results. And we are especially pleased with the break in the weather in
Southeast Texas. Scheduling is now such that we will have eight Frio wells
which include five wells from the Brush Creek Project connected into the sales
line within 30 days."

    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,; North America: RedChip Companies, Inc., Investor
Relations, (800) REDCHIP,,; Europe: Vicarage
Capital Limited, London, England, (44) (0) 207 060 1303,

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