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Additional Information
Market: ASX
Sector: Oil & Gas Exploration & Production
Epic: AOK
News: Latest news
Web Site: AusTex Oil
Other Articles: 19-05-201005-05-201005-05-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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AusTex Oil

AusTex Oil

AusTex Oil Ltd (ASX:AOK) was listed on the Australian Securities Exchange (ASX) in January 2008. AusTex is focused on reworking and development of oil and gas leases in the USA.  The company produces oil and gas from leases in Oklahoma and Kansas. Since listing, AusTex has increased its lease interests from 1,000 acres to 69,000 acres. International Energy Corporation (IEC), a wholly owned subsidiary of AusTex, holds a 10 year marketing agreement for the State of Oklahoma for the patented Radial Jet Enhancement Technology. Oil and Gas leases in Kansas are held in partnership with Castle Resources Inc., the Kansas operator of the Radial Jet Enhancement Technology.

Monday, December 14, 2009

AusTex Oil intersects oil and gas at Mayo Moore #5

AusTex Oil Limited (ASX:AOK) has enjoyed further success, with Mayo Moore #5 in Oklahoma displacing oil and gas to the surface during drilling.

During the program, the company reported today that drilling reached total depth at 2,495 feet.

During the morning trade, shares in AusTex increased 2.7% to 19c.

Open-hole logs indicate multiple oil and gas zones. Casing has been set and the well will be completed for production in the coming weeks. The drilling rig has moved onto the site of the Baggett #2-33, which is a step out well to the south of the recently successful Baggett #1-33.

Drilling is expected to commence today.

AusTex holds a 100% working interest and a 81.25% net revenue interest in this project. The company is focused on reworking and development of oil and gas leases in the USA and produces oil and gas from leases in Oklahoma and Kansas.

In Oklahoma, the Lancaster Lease Group and BlueHawk Project are now connected to gas sales infrastructure, with further development wells planned on both leases.

Since listing, AusTex has increased its lease interests from 1,000 acres to 69,000 acres.

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