Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: ASX
Sector: Oil & Gas Exploration & Production
Epic: .AOK
News: Latest news
Web Site: AusTex Oil
Other Articles: 09-03-201019-02-201017-02-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 08:38Gulf Keystone raises £16m for 2010 Kurdistan campaign

Gulf Keystone has completed a fully subscribed placing that will provide the finance for work on the Shaikan and Sheikh Adi blocks in 2010.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
AusTex Oil

AusTex Oil

AusTex Oil Limited is an ASX listed company focused on reworking and development of oil and gas leases in the USA.  The Company produces oil from leases in Oklahoma and Kansas and has an active drilling program running in both states. Since listing in March 2008, AOK has participated in drilling eleven new wells, of which nine are being completed as producers, and has increased its oil and gas lease interests from 1000 acres to ~32,000 acres.  A schedule of Oil and Gas interests can be found on the Oil and Gas Projects page.

CLICK HERE FOR FULL ANLAYSIS OF AUSTEX OIL
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.

AddThis Feed Button
Register here to be notified of future AusTex Oil articles.


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.