Texon Reaches Total Depth at Leighton Well

Texon advises that the second Leighton well (Tyler Ranch #1) onshore Texas has reached its total depth.

The target oil and gas reservoir was encountered as predicted with a gas show of over 2,000 units on the mud log over a 20-30 foot (6-9 metre) interval.

The oil and gas productive zone in the first Leighton well (Peeler #1) is 26 feet (8 metres) thick and also had a gas show of over 2,000 units when drilled.

Electric logs will now be run in Tyler Ranch #1 to investigate the physical properties of the reservoir in Tyler Ranch #1 which will indicate if the gas represents a potentially productive interval in the well.

Texon has a 70% Working Interest in the Leighton project with joint venture parties Global Petroleum Limited (15%) and Excellong, Inc (15%).


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