ASX Announcement
Date: 15 December 2011
Texon Petroleum Ltd ABN 24 119 737 772Level 9, 46 Edward Street
Brisbane, Qld Australia 4000
Postal: GPO Box 402
Brisbane, Qld Australia 4001
Telephone: +61 7 3211 1122
Fax: +61 7 3211 0133
Directors: John Armstrong David Mason Bernard Rowley Company Secretary:Des Olling
Contact: Cliff Foss President & CEOcfoss@texozep.com
or:
John Armstrong Chairman john.armstrong@texonpetroleum.com.au
Website: ASX Code: TXNFourth Eagle Ford Well
Production
• 60 Day Result - 693 boepd
• 14% more oil than EFS #1
Texon's fourth Eagle Ford well (Hoskins EFS #1H) produced
41,606 boe (35,530 bo + 36,455 mcfg) during its first 60 days
of production. This is an average daily rate of 693 boepd of
which some 90% is oil and gas liquids.
Texon's first and third Eagle Ford wells produced at the
average rates of 632 and 731 boepd respectively during their
first 60 days of production.
During its first 60 days the EFS #4 produced 14% more oil
than
Texon's first EFS well.
The locations of Texon's four Eagle Ford leases together with
nearby wells drilled by other operators are shown on the
attached map.
Texon has a 95% WI in the Hoskins well and a 71.25% NRI in
the production.
Clifford S. Foss, President of Texon Petroleum said "Our
fourth Eagle Ford Shale well, the Hoskins 1H, extends Texon's
high value Eagle Ford production to the southern edge of our
leasehold block. We are very pleased with this outcome."
-ends
Source: NYMEX January 2012
Oil: US$94.85/bbl
Gas: US$3.15/mmbtu (this translates to approx. US$5.20/mcf for all Texon gas -
including US$6.00/mcf for Olmos and Eagle Ford gas)
Page -2-
Glossary:bbl: barrel
bo: barrels of oil
boe: barrels of oil equivalent
boepd: barrels of oil equivalent per day (including gas converted to oil equiv barrels on basis of 6mcf to 1 barrel of oil equiv)
mcf: thousand cubic feet
mcfg: thousand cubic feet of gas mmbtu: million British thermal units NRI: Nett Revenue Interest
WI: Working Interest
Attachment:(1): Map showing leases and wells
Attachment 1
distribué par | Ce noodl a été diffusé par Texon Petroleum Ltd. et initialement mise en ligne sur le site http://www.texonpetroleum.com.au. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-15 11:18:02 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Fourth Eagle Ford Well Production |