Texalta Petroleum Ltd. is an oil and gas company engaged in the exploration, acquisition and development of prospective oil & gas properties in Western Canada and Northern Australia.

The company’s primary focus in Canada is in southeast Saskatchewan, with working interests ranging from 25% to 74.6% in several project areas.

In Canada, Texalta is developing producing properties at Wordsworth, Wildwood and West Queensdale, Saskatchewan and is exploring in many areas in the greater Carlyle and Alameda region.

By mid 2010 the Wordsworth project comprises four producing horizontal wells together with a battery facility and water disposal well.  Texalta is the Operator of this particular project area and has recently increased its working interest in the facilities and 3 of the 4 wells to 50%.  Current plans call for two more horizontal development wells before year end.

At West Queensdale, the company has varying interests in five vertical and seven horizontal producing wells.  One horizontal development well is planned for this area before year end 2010.

The Wildwood property involves one producing well with one new horizontal development well planned for the first quarter of 2011.

The company is actively pursuing other projects in the southeast corner of Saskatchewan and has landholdings in more than 8400 acres.  Two deep exploration wells are being planned for the latter part of 2010 that will be drilled on a farmout basis at no cost to Texalta.

In Alberta, the company is promoting the drilling of a deep exploratory test well to be drilled before year end.  The well is located on lands that have been in inventory for some time and only recently have become attractive due to favourable regulatory changes in Edmonton.

In Australia, Texalta is focusing on its 82% working interest in Exploration Permits EP 103 and EP 104situated on 5.5 million (5,500,000) acres of prospective land in the Georgina Basin, Northern Territory. 

 A new seismic survey comprising a total of 350 km is currently being undertaken to compliment the initial survey completed in 2009.  This seismic program is expected to be completed by November 2010 and will set the stage for exploratory drilling in the first quarter of 2011.

In the year ending June 30, 2010, Texalta has seen an increase in oil and gas sales grossing over $3MM from it's Southeast Saskatchewan properties.  With the planned development drilling over the next year it is anticipated that this number will increase significantly.

Texalta  is a reporting issuer in Alberta and British Columbia trading on the TSX Venture Exchange under the symbol TEX.A.