Texon Petroleum Ltd

Texon Petroleum Limited (ASX:TXN) advises that Tyler Ranch #5 ("TR#5") has reached its total depth of 2,743 metres (9,000 feet). It is now planned to run production casing in the well after which the well will be fracture stimulated (in the next 10-14 days) and then the well will be connected for oil and gas production.

Texon Petroleum Limited (ASX:TXN) advises that it has secured a 100% Working Interest (WI) in a 320 acre lease adjoining the northern boundary of Leighton. The new lease contains two deep wells drilled in 1984 and 2000 respectively. Wireline logs indicate 131ft of potential oil and gas pay in the Eagle Ford Shale, an additional 50ft of potential pay in the overlying Lower Austin Chalk and 5ft in the Olmos reservoir.

ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE), Texon Petroleum Limited (ASX:TXN), Magnetic Resources (ASX:MAU), Image Resources NL (ASX:IMA) (PINK:IMREF), Pacific Enviromin Limited (ASX:PEV), Krucible Metals Limited (ASX:KRB), and Havilah Resources NL (ASX:HAV).

Texon Petroleum Limited (ASX:TXN) advises that the sixth Leighton well, Tyler Ranch #5, commenced drilling on 7 April 2010. The well has a planned total depth of 2,743 metres (9,000 feet) and will take about 12-15 days to drill. The well will penetrate the Olmos reservoir at approximately 2,676 metres (8,780 feet), which is the same oil and gas reservoir as is producing in the first five Leighton wells (Peeler #1, Tyler Ranch #1, Tyler Ranch #2 , Tyler Ranch #3 and Tyler Ranch #4). Tyler Ranch #5 is located 335 metres north of Tyler Ranch #2.

Texon Petroleum Limited's (ASX:TXN) first well (Mosman-Rockingham #1) on its Mosman-Rockingham project, reached a total depth of 3,466 metres (11,370 feet) on 29 March, 2010, after intersecting oil and gas shows in the Olmos and Eagle Ford Shale reservoirs. There are 157ft of Olmos and Eagle Ford Shale in the well.

ABN Newswire stocks to watch today include: Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Burleson Energy Limited (ASX:BUR), Texon Petroleum Limited (ASX:TXN) and Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF).

Texon Petroleum Limited (ASX:TXN) advises that its first Mosman-Rockingham well, (MR#1 or Hoskins Unit #1), has encountered 200ft of oil and gas shows in the Eagle Ford reservoir and in the underlying Buda Limestone at a depth of 3,404 metres (11,168 feet). This is in addition to the oil and gas shows from the Olmos reservoir referenced in the Company's release dated 26 March 2010.

ABN Newswire stocks to watch today include: Texon Petroleum Limited (ASX:TXN), Mt Isa Metals Limited (ASX:MET) and Republic Gold Limited (ASX:RAU).

Texon Petroleum Limited (ASX:TXN) advises that its first Mosman-Rockingham well, (MR#1 or Hoskins Unit #1), has encountered oil and gas shows in the Olmos reservoir at the expected depth of 2,806 metres (9,205 feet). The oil and gas shows in MR#1 are of the same type as and are over a thickness similar to the Olmos reservoir at Leighton where Texon has 5 Olmos producing wells.

ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Iron Road Limited (ASX:IRD), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF), Pan Asia Corporation Limited (ASX:PZC), Clean Global Energy Limited (ASX:CGV), Texon Petroleum Limited (ASX:TXN), and AuDAX Resources Ltd (ASX:ADX) (PINK:ADXRF).