Sydney - Wednesday - Oct 19: (RWE Australian Business News) - Texon Petroleum Ltd (TXN) reports its fourth Eagle Ford well, Hoskins EFS #1H, has flowed oil and gas at the rates of 1,408 bopd and 922 mcfgpd (combined 1,562 boepd) at a pressure of 3,050 psi through a 18/64 inch choke.
This is a similar flow rate and pressure to the company's #3 Eagle Ford well, but on a larger choke, which is considered encouraging.
Texon has a 92.6pc average Working Interest in 6,387 gross Eagle Ford acres (5,900 acres to Texon's WI) in these lease areas.
The company now has four producing Eagle Ford wells, each at a carefully selected location geographically spread across its leases to maximise reserves and information about Eagle Ford productivity.
