And for the time poor amongst us, the other interesting comments...

And for the time poor amongst us, the other interesting comments from the report are:

In February this year the Company announced that it had appointed Houston based Albrecht and Associates and Brisbane based RBS Morgans to seek potential buyers for all or part of the Company’s Eagle Ford project. The intention of the transaction is either to fully or partially monetize (lease sale, corporate trade, farm out, joint venture) the Company’s Eagle Ford to achieve the optimal outcome for shareholders. A target completion date of mid-2012 was indicated.

As discussed in our Investor Update of 28 June, currently a transaction involving Texon’s Eagle Ford is the subject of discussions with a number of parties in Asia, the USA and Australia. These involve varying transaction types, which have to be carefully assessed and compared. As these discussions progress Texon will provide further updates when appropriate.

Yawn!

and wilcox was pretty quiet

Wilcox
The Company’s first Wilcox well (Hoskins #2 (Wilcox)) flowed at an initial rate of 55 bopd in January 2012 and is now on pump. The Wilcox reservoir could cover 1,500-2,000 acres in the Mosman-Rockingham leases where the Company’s WI is 95-100% WI. The well is producing an average of 18 bopd and will be monitored to ascertain its commerciality.

But then they liven it up...

Other Projects
A number of multi-well and resource oil projects are being investigated targeting projects which have a potential value to the Company similar to that of our current Eagle Ford holding. The Company has recently located significant open acreage in East Texas that is considered prospective for a shallow oil drilling program. Early leasing assessment is in progress and could possibly become drillable by year end 2012 or early 2013.