TEXON Petroleum has started drilling the sixth well, Tallebudgera-1, in its 2008 South Texas shal...
Spudded on Sunday, the well is targeting between 0.3-0.4 billion cubic feet gross gas resource and has a target depth of 1158m.
Texon has a 90% working interest in Tallebudgera-1 and will have 67.5% net revenue interest if the well is successful.
After Tallebudgera-1 is drilled, Texon plans to drill the Fingal prospect, which also has a planned total depth of 1158m.
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