Texon Petroleum Limited (ASX:TXN) Announces First Eagle Ford Well - Testing Programme Begins
Brisbane, Dec 3, 2010 AEST (ABN Newswire) - Fracture stimulation and testing of Texon Petroleum Limited's (
ASX:TXN) (PINK:TEXOF) first Eagle Ford lateral well (TR EFS #1H) commenced on Thursday 2 December, 2010 (Houston time). The Eagle Ford reservoir has become a premium resource play evidenced by the 657 Eagle Ford drilling permits that have been granted in the first 9 months of 2010, compared with 94 for the whole of 2009. (Source: Railroad Commission Of Texas, Developing Unconventional Gas Conference, 2010).
The overall programme of fracture stimulation of the well and recovery of the frac fluid is expected to take about two weeks and at the end of which the well will be production tested.
Please refer to Texon's website for announcements by the Company: http://www.texonpetroleum.com.au
Contact
Dr. John Armstrong
Chairman
Brisbane: Tel: +61-7-3211-1122
Mr. David Mason
Chief Executive Officer
Brisbane: Tel: +61-7-3211-1122
Houston: Tel: +1-281-419-4976
(Houston is 16 hours behind Aust. Eastern Standard time)
| ||
|
