Swift Energy Company

Texon Petroleum Limited's (ASX:TXN) third horizontal Eagle Ford (TR EFS #2H) commenced drilling on the 12th of June. The well is located on the Company's Leighton lease just to the north of Texon's first Eagle Ford well which tested at an initial rate of 1,200 bopd. The well will have a 4,500 feet horizontal section similar to Texon's first two Eagle Ford wells and it is expected that drilling and casing operations will take 35 days.

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 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) is pleased to release its June 2010 Quarterly Report.

Texon Petroleum Limited (ASX:TXN) advises that a horizontal Eagle Ford well drilled by Swift Energy Company 1 1/2 miles (2.5km) from Mosman-Rockingham has flowed 1,134 bopd and 1.1 mmcfgpd (1,310 boepd). This is an important well as it indicates that the Eagle Ford Shale ("EFS") in the Leighton-Mosman-Rockingham-Sutton ("LMRS") leases (see attached map) could be oil productive.