Texon Petroleum Ltd

Texon Petroleum Limited (ASX:TXN) advises that the recently drilled Lennox well has tested gas at the gross rate of 921 mcfgpd from the Yegua reservoir through a 10/64" choke at 2,502 psi.

Texon Petroleum Limited (ASX:TXN) advises that it has contracted a rig for its second Eagle Ford horizontal well, Mosman-Rockingham EFS #1H (MR EFS #1H), which will be drilled on its Mosman/Rockingham leases.

Texon Petroleum Limited (ASX:TXN) advises that the Tyler Ranch EFS #1H well has drilled into the Eagle Ford Shale at the depth of 3,252m (10,670ft) and has encountered good oil and gas shows.

Texon Petroleum Limited (ASX:TXN) advises that the first Eagle Ford well on its Leighton Project, Tyler Ranch EFS #1H, has commenced drilling and is expected to take about 30 days to reach its total depth.

Texon Petroleum Limited (ASX:TXN) ("Texon") advises that the recently drilled seventh well on its Leighton Project, (Tyler Ranch #6) has begun to flow oil and gas at the gross rate of 350 boepd from the Olmos reservoir (comprising 205 bopd and 880 mcf of gas per day) through a 10/64" choke at 2000 psi.

Texon Petroleum Limited (ASX:TXN) Lennox #1 well is currently at a depth of 1,180ft preparing to set surface casing. The well is anticipated to take 7-9 days to complete drilling.

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) advises that Tyler Ranch #6 ("TR#6") has reached its total depth of 2,774 metres (9,100 feet). This is the seventh well in the Leighton oil and gas field - all of which have been successful.

Texon Petroleum Limited (ASX:TXN) advises that the seventh Leighton Olmos well, Tyler Ranch #6, commenced drilling on 1st August, 2010 and is currently at a depth of 70 metres. The well has a planned total depth of 2,743 metres (9,000 feet) and will take about 12-15 days to drill.

Texon Petroleum Limited (ASX:TXN) is pleased to release its June 2010 Quarterly Report.