DRILLING

Oz players expanding portfolio, carrying out drilling

TEXON Petroleum has acquired a new 320-acre lease adjoining the northern boundary of its Leighton project in Texas which contains two previous deep wells.

Wireline logs from the wells, drilled in 1984 and 2000 respectively, indicate 131 feet of potential oil and gas pay in the Eagle Ford Shale, an additional 50ft of potential pay in the overlying Lower Austin...

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