Texas American Resources Company Announces Successful Completion of Eagle Ford Wells

AUSTIN, Texas, Dec. 6, 2011 /PRNewswire/ -- Texas American Resources Company ("TARC" or the "Company") today announced the successful completion of its first operated Eagle Ford well, the Haug-Kieschnick 33-102H, with a 30-day average initial production rate of 599 Boepd.  This well has a lateral length of approximately 4,200' with 16 frac stages and is located in the oil-window of the Eagle Ford Shale in La Salle County.  TARC's second operated well, the Haug-Krueger 33-104H, was also successfully completed in the fourth quarter and is currently in initial flowback.  Additionally, the Company anticipates its third operated Eagle Ford well, the Turman 106H, will be fracture stimulated by year-end.

David Honeycutt, President and CEO of TARC said, "We are pleased with the results of our first two Eagle Ford wells and are poised to see continued improvements on our next wells due to improved service relationships, increased lateral lengths and improving operational efficiencies."

ABOUT TEXAS AMERICAN RESOURCES COMPANY

Texas American Resources Company is a privately-held independent energy company headquartered in Austin, Texas.  Originally founded in 1990, TARC has historically been an acquisition and exploitation company with operations in Texas, Colorado and Wyoming.  In recent years the Company has shifted from an acquisition-oriented strategy to a more drill-bit focused strategy that is directed by intensive front-end geological and geophysical effort as a foundation for new opportunities.

LEGAL DISCLOSURE: Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results.  Although Management believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or the Company's planned activities and operations.  There can be no assurance that such expectations will prove correct.  All forward-looking statements are expressly qualified by this cautionary statement.

SOURCE Texas American Resources Company

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