Texon Petroleum Ltd (ASX:TXN) Acquired Further 830 Acres of Eagle Ford Leases, Now 6734 Acres in Total
Texon Petroleum Ltd (ASX:TXN) Acquired Further 830 Acres of Eagle Ford Leases, Now 6734 Acres in Total

Sydney, Oct 21, 2011 AEST (ABN Newswire) - Texon Petroleum Ltd (googlechartASX:TXN) advises that it has acquired a further 830 acres of Eagle Ford leases at less than $2,000 per acre at the locations shown as blue on the attached map, see link: http://media.abnnewswire.net/media/en/docs/ASX-TXN-236254.pdf

This takes Texon's Working Interest Eagle Ford position to 6,734 acres - up by 14% from previously.

The new Eagle Ford leases are in close proximity to the Company's existing Eagle Ford leases and the Company now has some 89 potential Eagle Ford well locations, including the four (4) Eagle Ford wells already drilled.

Eagle Ford prospectivity in the new leases is expected to be similar to the rest of Texon's Eagle Ford acreage.

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



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