Texon Petroleum Limited (ASX:TXN) Third Eagle Ford Well Production Information

Perth, Sep 13, 2011 AEST (ABN Newswire) - On 31st August, Texon Petroleum Limited (ASX:TXN) announced that its third Eagle Ford well (Tyler Ranch EFS #2H) had flowed at the rates of 1,488 bopd and 700 mcfgpd (combined 1,605 boepd (6)) at a pressure of 3,000 psi through a 16/64" choke.

The well has been choked back, which typically results in a reduction in production, however over the past 24 hours on a reduced 9/64" choke at and a pressure of 3,700 psi, the well has flowed at a rate of 1,786 bopd with 322 mcfgpd - an overall rate of 1,840 boepd.

Dave Mason (CEO) "This is a pleasing result and continues to highlight the value of our Eagle Ford Shale acreage. Our next production announcement on this well will be the flow rate for the first 30 days in a few weeks time."

Please refer to our earlier announcement dated 31 August and the location of the well is shown on the map: http://media.abnnewswire.net/media/en/docs/ASX-TXN-235159.pdf

Fraccing operations and testing of the Company's fourth Eagle Ford well are scheduled to begin in the last week in September.

Texon has an 82% Working Interest (61.6% Nett Revenue Interest) in the Tyler Ranch EFS #2H well.

Contact

David Mason President & CEO Email: dave.mason@texonpetroleum.com.au John Armstrong Chairman Email: john.armstrong@texonpetroleum.com.au http://www.texonpetroleum.com.au