Mosman Rockingham Olmos Well 220 BOEPD
Brisbane, June 12, 2012 AEST (ABN Newswire) - Texon Petroleum (
ASX:TXN) advises that its recently drilled Mosman-Rockingham Olmos well (Wheeler #1) has begun to flow oil and gas at the rate of 220 boepd comprising 87% oil (193 bopd) and 160 mcf of gas per day (27 boepd).
The well will be connected for production to oil tanks and the gas pipeline in the next few days.
Texon has a 95% Working Interest (71.25% NRI) in the well.
Mr Clifford S. Foss, President of Texon Petroleum said "The Wheeler #1 well is the first step towards defining a potentially large Olmos oil deposit (3mmboe) in the Mosman-Rockingham area. We are pleased with this outcome and excited about the future drilling potential in the area".
Contact
Texon Petroleum Ltd
T: +61 7 3211 1122
F: +61 7 3211 0133
E: texon.info@texonpetroleum.com.au
WWW: www.texonpetroleum.com.au
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