Global Petroleum Limited

In the Leighton Eagle Ford project area Texon Petroleum Limited (ASX:TXN) has a 70% WI in 874 acres with two joint venture partners (Global Petroleum Limited and Excellong Inc.) having 15% WI each. Adjacent to this holding Texon holds an average of 96% WI in a further 777 Eagle Ford acres, making a total of 1,651 acres.

Texon Petroleum Limited (ASX:TXN) reports that the fifth Leighton production well (Tyler Ranch #4) has flowed 480boepd from the Olmos reservoir comprising oil and gas at the rates of 410bopd and 425mcfgpd through a 10/64" choke at a flowing surface pressure of 2150psi.

Texon Petroleum Limited (ASX:TXN) advises that the fifth well on its Leighton project, Tyler Ranch #4, has reached a total depth of 3,359 metres (11,019 feet) after intersecting oil and gas shows in the Olmos and Eagle Ford Shale reservoirs.

Texon Petroleum Limited (ASX:TXN) advises that the fifth well on its Leighton project, Tyler Ranch #4, has encountered oil and gas shows in the Olmos reservoir at a depth of 2,701 metres (8,860 feet). The oil and gas shows in Tyler Ranch #4 are over an interval which is similar to the first four Leighton production wells (Peeler #1, Tyler Ranch #1, Tyler Ranch #2 and Tyler Ranch #3).

Texon Petroleum Limited (ASX:TXN) advises that the fifth Leighton well, Tyler Ranch #4, commenced drilling on 10 October 2009. The well has a planned total depth of 3,444 metres (11,300 feet) and will take about 20-25 days to drill. The well will penetrate the Olmos reservoir at approximately 2,703 metres (8,870 feet), which is the same oil and gas reservoir as is producing in the first four Leighton wells.

Texon Petroleum Limited (ASX:TXN) advises that the fourth well on its Leighton Project, Tyler Ranch #3, has begun to flow oil and gas at the gross rate of 500 boepd from the Olmos reservoir comprising 377 bopd and 746 mcf of gas per day through a 12/64 choke, at a flowing pressure at the surface of about 2,600 psi. This flow rate exceeds the initial flow rates of the previous 3 Leighton wells.

Texon Petroleum Limited (ASX:TXN) advises that the fourth well on its Leighton project, Tyler Ranch #3, has reached a total depth of 2,743 metres (9,000 feet) after intersecting oil and gas shows in the target Olmos reservoir. The Olmos reservoir properties as indicated by wireline logs in Tyler Ranch #3 are similar to the first three Leighton production wells (Peeler #1, Tyler Ranch #1, and Tyler Ranch #2) all 3 of which are producing oil and gas from the Olmos.

The German oil and gas company RWE Dea AG farmed in to Global Petroleum's offshore exploration blocks in Malta. As a result Global's share of the costs of seismic work and potentially an exploration well will be carried by RWE Dea.