Texon’s proved, probable and possible reserves in its Eagle Ford project made up 5 MMboe, 75% of the Company’s proved, probable and possible reserves with 88% of the Eagle Ford being oil and gas liquids.
The Australia-listed company has one well on the project, with testing of a second one having begun last week. Its stake in the Olmos project, where there are eight wells producing, has a total proved, probable and possible reserve of 1.6
