Current Drilling Wells Update
Current Drilling Wells Update

Brisbane, Nov 30, 2012 AEST (ABN Newswire) - Texon Petroleum Ltd's (googlechartASX:TXN) Hoskins EFS #3H well was drilled to 17,156 ft measured depth at a true vertical depth of 11,267 ft after which production casing was installed to total depth. The well was successfully drilled in the EFS target zone for a lateral length of 5,595 ft. The pre-drill estimate of 18 frac stages has been modified to the actual hole conditions and it is now estimated that there may be as many as 25 frac stages in the well.

The Quintanilla SM EF #1H well has drilled to a TD of 16,458 ft measured depth, 10,770 ft true vertical depth and production casing is currently being run. The well was drilled in the Eagle Ford target zone with a lateral length of 5,086 ft. This well also had a pre-drill estimated 18 frac stages and is currently planned to have a 20 stage frac.

The Hoskins EFS #3H and the Quintanilla SM EF #1H are planned to be fracced back to back after both wells are cased. The estimated date for fraccing is planned for mid-December (pending frac crew availability) with completion operations planned to be completed in early 2013.

The Hoskins #4H is the next planned Eagle Ford well to be drilled after the Hoskins #3H. This well is planned for a lateral length of 7,420 ft.

The attached map shows the wells surface and bottom hole locations.

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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 13) (Since Published: 2188)