Fifth Eagle Ford Well - 1072 bopd
Brisbane, July 23, 2012 AEST (ABN Newswire) - Texon Petroleum Ltd (
ASX:TXN) advises that its fifth Eagle Ford well (Peeler EFS #1H) has tested at the rates of 1,072 bopd and 1.137 mmcfgpd (1,262 boepd) on an 18/64" choke at a flowing pressure of 2,794 psi.
It is expected that the well will be connected to oil and gas production tanks and pipelines next week.
Texon has an 89.24% WI (66.88% NRI) in the well.
Clifford S. Foss President of Texon Petroleum said "This is a very good result for a 15 stage frac in this lease obligation well."
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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