ASX Announcement

Date: 3 October 2011

Texon Petroleum LtdABN 24 119 737 772

Level 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 RowleyCompany Secretary:

Des Olling

Contact: David Mason President & CEO

dave.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.au

Website:

www.texonpetroleum.com.au

ASX Code: TXNOil and gas futures prices:

Source: NYMEX November 2011

Oil: US$78.75/bbl

Gas: 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 gas)

Glossary:

bbl: barrel

boe: barrels of oil equivalent bopd: barrels of oil per day

mcf: thousand cubic feet

mmbtu: million British thermal units

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Attachment to Texon Release dated 3 October 2011