Texon Petroleum Limited (ASX:TXN) Update On Third Eagle Ford Well
Texon Petroleum Limited (ASX:TXN) Update On Third Eagle Ford Well

Brisbane, May 25, 2011 AEST (ABN Newswire) - In our release of 18th April, Texon Petroleum Limited (googlechartASX:TXN) advised that it expected to begin the third Eagle Ford well in mid May. Texon advises that its third Eagle Ford well to be drilled in the Leighton area is now due to commence drilling by mid June, due to the late arrival of the rig from another operator.

This will be the first of two Eagle Ford wells drilled back-to-back in June and July.

Please refer to Texon's website for announcements by the Company: http://www.texonpetroleum.com.au

Oil and gas futures prices (Source: NYMEX July 2011 contracts)
- Oil: US$98.47/bbl
- Gas: US$4.34/mmbtu (approx. US$6.6/mcf for all Texon gas - including US$7.40/mcf for Olmos and Eagle Ford gas)

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 15 hours behind Aust. Eastern Standard time)
http://www.texonpetroleum.com.au



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