Texon Petroleum Ltd

Texon Petroleum Ltd (ASX:TXN) 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.

Texon Petroleum Ltd (ASX:TXN) advises that fraccing of its fourth Eagle Ford well (Hoskins EFS #1H) began on the 2nd of October.

Texon Petroleum Limited's (ASX:TXN) first Wilcox well (Hoskins No. 2 (Wilcox)) has been drilled and logged. The well has been cased ready for testing.

Texon Petroleum Limited's (ASX:TXN) fourth Eagle Ford well (Hoskins EFS #1H) was scheduled to begin fraccing operations on the 26th of September 2011.

Texon Petroleum Limited (ASX:TXN) advises that its Iluka well (Scherer #1) has flowed gas and oil at the rates of 1.23 mmcfgpd and 31 bopd (236 boepd (6)) through a 9/64" choke at a pressure of 2,640 psi.

On 31st August, Texon Petroleum Limited (ASX:TXN) announced that its third Eagle Ford well (Tyler Ranch EFS #2H) had flowed at the rates of 1,488 bopd and 700 mcfgpd (combined 1,605 boepd (6)) at a pressure of 3,000 psi through a 16/64" choke.

Texon Petroleum Limited's (ASX:TXN) first Wilcox well (Hoskins No. 2 (Wilcox)) to test oil shows observed during drilling Wilcox sands in several of its Leighton, Mosman and Rockingham area wells, spudded on the 7th of September.

Texon Petroleum Limited (ASX:TXN) announces that its third Eagle Ford well (Tyler Ranch EFS #2H) has tested oil and gas at the rates of 1,488 bopd and 700 mcfgpd (combined 1,605 boepd (6)) through a 16/64" choke at a flowing tubing pressure of 3,000 psi.

Texon Petroleum Limited (ASX:TXN) advises that its Iluka well (Scherer #1) has reached its total depth of 6,750 feet.

Texon Petroleum Limited's (ASX:TXN) reserves are dominated by its Eagle Ford holdings. At mid year 2011, the Company's Eagle Ford reserves were assessed by Netherland, Sewell & Associates, Inc. For the rest of the Company's oil and gas properties, the mid year reserves are taken to be the 2010 year end reserves (determined by Delilah B Hainey of Hainey & Hainey, a reservoir consultant to the Company), less production in the first half of 2011.