Texon Petroleum Ltd., Brisbane, (ASX: TXN) has advised that Tyler Ranch EFS #2H, the second Eagle Ford horizontal well in which Global Petroleum Ltd., Perth, (ASX: GBP) has an interest, is now due to commence drilling by mid June, due to the late arrival of the rig from another operator.
Tyler Ranch EFS #2H is located immediately north of the first Eagle Ford well ("Tyler Ranch EFS #1H"). Global has a 7.939% working interest (5.95% NRI) in Tyler Ranch EFS #1H and Tyler Ranch EFS #2H. A successful Eagle Ford well will be able to use the tanks and other production facilities already in place for the first Eagle Ford well.
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