wilcox coolangatta

time to talk wilcox

imho texon will have to commence a wilcox well on the
coolangatta target

Potential 4 mmboe(1)
Gas / Liquids
TXN WI :94%
Vertical Well Cost:US$1.6 Million (dry hole) (2)
Possible Initial Rate:3‐4 mmcfgpd
Success case payout :7 months
Drill Q2 / 2011


(1)As to TXN WI
(2)US$2.2M drill, complete, connect


i am posting up a few maps

one is recent texon leasing activity, the dots represent
regions where texon have leases

the second map i posted up is wells that have produced
more than 50,000 bo cumulative in the wilcox

you can see that there is a good history in the nearology