Ann: Roundhouse Prospect , page-8

Roundhouse Prospect,

Navarro County, Texas

Texon Petroleum has acquired a 50% Working interest in the Roundhouse Prospect located in Navarro County, Texas (see attached map) which encompasses 7,038 gross acres (3,519 net acres) of Cotton Valley Lime reservoir potential from private US oil and gas company Tanos Energy Holding, LLC. Tanos will remain operator with 50% working interest in the prospect.


the way i read it hs that the EGM announcement was when nothing was in place that was signed up other than the ET 100% WI acres, this one is now in place..

they have also been leasing in the region, so on top of the 3,519 acres they have 1,200 acres with 100% WI near by

they intend to lease up 20,000 acres in total for that play


texon mark II has now got the olmos and pearsall and wilcox in mcmullen, and the ET 1,2 & 3 are now in motion


texon mark I will keep the EFS and either go on the ASX or the american exchange..

i think...

all imho and dyor