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
Third Eagle Ford Well
30 Day Result Next Week
Texon advises that the 30 day production information for its third Eagle Ford well (Tyler Ranch EFS #2H) (i.e. 30 days since stabilized flow was established after the Initial Production test) will be available next week.
In its first 17 days of production, the well produced 21,000 boe (94% oil), slightly more than our first Eagle Ford well produced in its first 30 days (19,651 boe).
Texon has an 82% Working Interest (61.6% Nett Revenue
Interest) in the Tyler Ranch EFS #2H well.
-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 allTexon gas – including US$7.00/mcf for Olmos and Eagle Ford gas)Glossary:bbl: barrel
boe: barrels of oil equivalent bopd: barrels of oil per daymcf: thousand cubic feetmmbtu: million British thermal unitsPage -2-
Attachment to Texon Release dated 3 October 2011