ASX Announcement
Date: 3 October 2011
Texon Petroleum LtdABN 24 119 737 772Level 9, 46 Edward Street
Brisbane, Qld Australia 4000Postal: GPO Box 402Brisbane, Qld Australia 4001Telephone: +61 7 3211 1122Fax: +61 7 3211 0133Directors: John Armstrong David Mason Bernard RowleyCompany Secretary:Des Olling
Contact: David Mason President & CEOdave.mason@texonpetroleum.com.au
Fourth Eagle Ford Well
Fraccing Begins
Texon advises that fraccing of its fourth Eagle Ford well
(Hoskins EFS #1H) began on the 2nd of October.
Fraccing is expected to take about a week after which the well will be flow tested.
Results of the test should be available late next week.
The location of the Hoskins EFS #1H well is shown on the
attached map.
Texon has a 100% WI in the cost of the well and a 71.25% NRI in the production.
-ends
or:
John Armstrong Chairman john.armstrong@texonpetroleum.com.auWebsite:www.texonpetroleum.com.au
ASX Code: TXNOil and gas futures prices:Source: NYMEX November 2011
Oil: US$78.75/bblGas: US$3.66/mmbtu (this translates to approx. US$6.10/mcf for all Texon gas – including US$7.00/mcf for Olmos and Eagle Ford gasGlossary:bbl: barrel
mcf: thousand cubic feetmmbtu: million British thermal unitsNRI: Nett revenue interestWI: Working interestPage -2-
Attachment to Texon Release dated 3 October 2011