Texon Petroleum Limited (ASX:TXN) Increases Production By 40% To 535 BOEPD

Brisbane, Mar 9, 2010 AEST (ABN Newswire) - Texon Petroleum Ltd (ASX:TXN) advises that following the re-fraccing of the Tyler Ranch #1 well and remedial work on other wells in the Leighton field that the Company's nett production from all of its wells (including Leighton) has increased to 535 boepd, up 40% from the mid January rate of 378 boepd in the Company's December quarterly report.

Please refer to Texon's website for all recent announcements http://www.texonpetroleum.com.au

Oil and gas futures Prices (Source: NYMEX April 2010 contracts)


Oil: US$ 81.74/bbl
Gas: US$ 4.57/mmbtu

Glossary:

bbl: barrels
boepd: barrels of oil equivalent per day (including gas converted to oil equivalent barrels on basis of 6mcf to 1 barrel of oil equivalent)
mmbtu: million British thermal units

Contact

Dr John Armstrong Chairman Brisbane: +61-7-3211-1122 Mr David Mason Chief Executive Officer Brisbane: +61-7-3211-1122 Houston: +1-281-419-4976 (Houston is 15 hours behind Aust Eastern Standard time)