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Additional information
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 July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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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.

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Tuesday, March 16, 2010

AusTex Oil updates drilling tests at Eisenhour #1 well in Kansas

AusTex Oil (ASX: AOK) has reported an update on operations in Kansas. The operator, Castle Resources Inc., advised that drilling of the wildcat Eisenhour #1 well reached a Total Depth (TD) of 4100 feet overnight.

The well had oil shows in the Cherokee formation between 3970 feet and 4009 feet, however, Drill Stem Tests conducted on two intervals failed to recover commercial oil or gas. The well has been plugged and abandoned.

The 3200 acre McCracken Project is located in Ness and Rush Counties, Kansas, near the town of McCracken. AOK holds a 63.92% Working Interest and 52.4% Net Revenue Interest in this project.

The company's Cooper Project has also been updated. Sheridan County Drilling operations are underway on the water disposal well located south of the successful Clark #1 Well.

Castle Resources Inc., advised that testing of the disposal system should commence next week.
Once the disposal well is completed, oil production from the Lansing-Kansas City formation in the Clark #1 well is planned.

During completion of the well, the Lansing-Kansas City formation  tested at 230 barrels of oil per day with associated water, with the Toronto formation testing at 250 barrels of oil per day. The well has been producing from the Lansing-Kansas City formation since late January.

The company said drilling will commence on Clark #2 Well at the Cooper Project, Sheridan County.

Permits have been obtained to drill another 3 wells to offset the Clark #1 well with drilling expected to commence by the end of March 2010. AOK holds a 53% working interest and a 45% net revenue interest in this project.

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