TARC Successfully Completes 1st Eagle Ford Well

Texas American Resources Company (TARC) announced the successful completion of its first operated Eagle Ford well, the Haug-Kieschnick 33-102H, with a 30-day average initial production rate of 599 boepd. This well has a lateral length of approximately 4,200' with 16 frac stages and is located in the oil-window of the Eagle Ford Shale in La Salle County. TARC's second operated well, the Haug-Krueger 33-104H, was also successfully completed in the fourth quarter and is currently in initial flowback. Additionally, the Company anticipates its third operated Eagle Ford well, the Turman 106H, will be fracture stimulated by year-end.

David Honeycutt, President and CEO of TARC said, "We are pleased with the results of our first two Eagle Ford wells and are poised to see continued improvements on our next wells due to improved service relationships, increased lateral lengths and improving operational efficiencies."