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Giant Petroleum Inc. Discovers New Source for Oil in West Texas

Giant Petroleum, Inc. (http://www.giantpetroleum.com/landing.php) in the Marfa Basin of West Texas. The successful Giant-Lykes DPW #1C discovery well is located 35 miles south of Alpine, Texas.

"Due to the geologic success of the first well, we are planning to move forward and aggressively develop our relatively large acreage positions in Presidio and Brewster Counties," President of Giant Petroleum, Inc., Chris Plunkett said.

The confirmation of the new discovery came by electric logging which established the presence of abundant hydrocarbons within the target formation along with other unexpected, yet potentially productive horizons. A hydrocarbon, as its names suggests, is comprised of hydrogen and carbon and is easily found in crude oil.

The Giant-Lykes DPW #1C oil (http://www.giantpetroleum.com/landing.php) project took nearly three months with just as many attempts due to the drilling environment in West Texas. Once the drilling difficulties had been overcome, the well was logged and production casing (used to keep the hole from collapsing) was run.

"We anticipate this well to be very productive based on the e-log interpretations and examinations of well bore cuttings," Plunkett said.

About Giant Petroleum, Inc.:

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