The well will now drill 1,372m (4,500ft) laterally within the Eagle Ford at which time production casing will be run.

Drilling and casing of the well are anticipated to take 12-14 days, and its hydraulic fracture stimulation and testing are scheduled for early November.

The company holds 82% working interest in this Eagle Ford horizontal well.

Texon Petroleum is an Australia-based oil and gas exploration and production company with operations in the Gulf Coast of Texas.