Brisbane, Australia, June 20, 2012 - (ABN Newswire) - Texon Petroleum Ltd (ASX:TXN.AX - News) advises that its fifth Eagle Ford well, Peeler EFS #1H (a lease commitment well), is on schedule to begin its fraccing operation on July 10th. The well reached its total depth of 14,795 feet 2-3 weeks ago after drilling 4,200 feet of horizontal Eagle Ford section with good oil and gas shows.
After the fraccing operation is complete, the well will be production tested and it is expected that the well will be on stream by the end of July.
Texon has an 89.24% WI (66.88% NRI) in the well.
About Texon Petroleum Ltd:
Texon Petroleum Limited's (ASX:TXN.AX - News) goal is to find commercially producible oil and gas by drilling 3D seismic controlled high equity prospects which have targets analogous to adjacent producing wells on established oil and gas producing trends in Texas.
Texon Petroleum Ltd T: +61 7 3211 1122 F: +61 7 3211 0133 E: email@example.com WWW: www.texonpetroleum.com.au
Texon Petroleum Ltd
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