OPERATIONS

Texon now a producer

TEXAS Gulf Coast explorer Texon Petroleum has started production from its first three successful ...

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The company, which listed in May, will receive 75% of the revenue from these wells, with the remaining 25% interest going to landowners and royalty holders.

Natural gas in the region has been fetching $US7.5-8.5 per thousand cubic foot, while oil-condensate has been worth $US75-95 a barrel.

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