Gulf Western Petroleum Bushmill No. 1 Flow Tested at 310 MCFD

    HOUSTON, TX, Oct. 18 /CNW/ - Gulf Western Petroleum Corporation ("Gulf
Western") (OTCBB: GWPC/Frankfurt: GER), is pleased to announce flow test
results of the Bushmill No. 1 gas unit. The operator has advised Gulf Western
that the Bushmill well stabilized at a flow rate of 310 mcfd with a (FTP)
Flowing Tubing Pressure of 1120 psi. The Bushmill well was drilled to a total
depth of 3196' and completed from 3118' to 3132'.
    The Bushmill No. 1 is the second well tested in the Shamrock Project. The
Shamrock Project located in Dewitt County, Texas is a five (5) well Frio-age
prospect identified through 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,; North America: RedChip Companies, Inc., Investor
Relations, (800)-REDCHIP,,; Europe: Vicarage
Capital Limited, London, England, (44) (0) 207 060 1303,

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