AusTex Oil Limited (ASX:AOK) Updates on Operations in Kansas and Oklahoma.
Ellsworth Project - 3,000 acres - Kansas
AOK 50% WI 38% NRI
Mollhagen #8 Well
Castle Resources Inc., as operator, reports that drilling operations to re-enter and deepen the Mollhagen #8 well are underway in Ellsworth County, Kansas. The well is targeting additional porosity breaks in the Arbuckle Limestone with an expected TD of 3,300 feet.
Snake River Project - 6,000 acres Northern Oklahoma
AOK 100% WI ~80% NRI
ETU #15-4 and #14-5 Wells - completion update
Following analysis and interpretation of logs, a two stage fracture stimulation is scheduled before the end of October on each well. The wells are to be completed in the Mississippi Lime formation with two separate intervals identified as containing producible hydrocarbons. The wells will then be put into production testing.
These wells are the first two of a planned 10 vertical well program to determine future horizontal well locations.
About AusTex Oil Limited:
AusTex Oil Limited (ASX:AOK) is an Australia-based company. The Company is engaged in the development of oil and gas leases in the United States. It produces oil and gas from leases in Oklahoma and Kansas. It is also engaged in the exploration, development and production of hydrocarbons in the United States. Its wholly owned subsidiaries include International Energy Corporation (Oklahoma), International Energy Corporation (Kansas) and Well Enhancement Services LLC. During the year fiscal year ended March 31, 2009 (fiscal 2009), the Company was engaged in the drilling of three wells on the Lancaster Lease group, Tulsa County; two wells on the Sweet Unit, Pawnee County, and one well on the BlueHawk Project in Osage County.
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|Date:||Oct 13, 2011|
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