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Texon's Leighton well reaches total depth


Published Apr 23, 2010
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Texon Petroleum Limited

Texon advises that Tyler Ranch #5 (TR#5) has reached its total depth of 2,743 metres (9,000 feet).

This is the sixth well in the Leighton oil and gas field – all of which have been successful.

The targeted Olmos reservoir in TR#5 has a thickness similar to the Olmos in the previous five (5) Leighton wells and has similar reservoir characteristics.

It is now planned to run production casing in the well after which the well will be fracture stimulated (in the next 10-14 days) and then the well will be connected for oil and gas production.

The success of this well supports the Company’s plans to develop the Leighton oil and gas field with up to a further 25 wells. The CBA has been mandated to explore financing options for this project with a targeted third quarter 2010 start-up of the drilling programme.

Texon has an overall 79% working interest (59% net revenue interest) in Leighton.

Tags: Texon Petroleum Limited



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