Texon Petroleum Ltd (ASX:TXN) 3rd Eagle Ford Well Produced 30,000boe in 30 Days

Brisbane, Oct 11, 2011 AEST (ABN Newswire) - Texon Petroleum Ltd (ASX:TXN) advises that during its first 30 days of production, the Company's third Eagle Ford well (Tyler Ranch EFS #2H) produced 30,400 boe (92% oil). This is some 50% more than our first Eagle Ford well (Tyler Ranch EFS #1H) which produced 19,651 boe in its first 30 days.

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

The location of the well is shown on the attached map:
http://media.abnnewswire.net/media/en/docs/ASX-TXN-235951.pdf

The Company's CEO, David Mason said "this is a very good result for the Company".

Contact

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