Texon Petroleum Ltd

Texon Petroleum Ltd (ASX:TXN) provides a report with production information from its first two Eagle Ford wells.

Texon Petroleum Limited's (ASX:TXN) fourth Eagle Ford well (Hoskins EFS #1H) has reached its total depth of 16,400' after drilling a horizontal section of 4,800 feet in the Eagle Ford with good oil and gas shows throughout the horizontal section.

Texon Petroleum Limited (ASX:TXN) advises that its third Eagle Ford well (Tyler Ranch EFS #2H) has been successfully fracced over 17 stages and will now be tested. The recovery of frac fluid will probably take a few days after which the Company will be able to conduct a proper flow test of the well.

Texon Petroleum Limited (ASX:TXN) releases the following letter to shareholders, which provides an update of the Company's projects and will be posted to shareholders on Monday 22 August 2011.

Texon Petroleum Limited (ASX:TXN) advises that its recently drilled Peeler #3 (refer to Texon release of 21 July 2011) has begun to flow oil and gas at the gross combined rate of 370 boepd from the Olmos reservoir (comprising 325 bopd and 268 mcfgpd). This is the eleventh well in the Leighton Olmos oil and gas field, all of which have been successful producers.

Fraccing and testing operations on Texon Petroleum Limited's (ASX:TXN) third Eagle Ford well (Tyler Ranch EFS #2H) began on 8th August, 2011. The project involves 17 stages(compared with 15 in the Company's first Eagle Ford well), with fraccing expected to take about a week followed by testing.

Earlier this year Texon Petroleum Limited (ASX:TXN) had expected to be drilling this prospect in June. However just before the Company's AGM in May, it became clear that Coolangatta leasehold title would not be cleared and drill-ready by that time. The Company then initiated a report on the matter by an independent lease and land management advisor. After examining the report, and reviewing the situation with Texon Houston based personnel, the Company is now satisfied that the leasehold title should be finalized and drill-ready by the end of November this year.

Texon Petroleum Limited (ASX:TXN) advises that the Iluka well (Scherer #1) spudded on the 1st of August.

Texon Petroleum Limited's (ASX:TXN) fourth Eagle Ford well (Hoskins EFS #1H) spudded on the 30th of July.

Texon Petroleum Limited's (ASX:TXN) third Eagle Ford well has reached its total depth of 15,767 feet after successfully drilling 4,500' of horizontal well in the Eagle Ford reservoir.