www.austexoil.com
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.
In-Depth AusTex Oil Articles
Archive-
15/06/2009
AusTex Oil increases oil and gas reserves, production
The company's strategy is to overturn conventional wisdom and exploit deeper pays with advances in completions. Despite only listing in 2008, AusTex is producing 120 barrels of oil per day and producing 500 Mcf per day. -
12/05/2009
AusTex Oil is flying under the radar - for now
AusTex aims to acquire, rework and enhance oil fields with proven reserves in onshore USA. To participe through local operators with track record and operational expertise.
What do others think of AusTex Oil
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Current Operations:
AusTex Oil currently has leasehold areas in Oklahoma and Kansas as highlighted on the map below.
Oklahoma
* Six lease locations
* Long term lease positions- Held By Production
* Infill/development plan commenced 2008
* International Energy Corporation (Oklahoma) as operator
(wholly owned subsidiary of AusTex)
Kansas
* Five lease locations
* JV with Castle Resources Inc. as operator
* Exploration and development plan commenced 2008
* Cooper Project 26,500 acres - Seismic acquired 2008/2009
* Jewel Project 35,000 acres - Drilling first well October 2009
Oklahoma Projects
AusTex Oil Limited through its 100% owned subsidiary, International Energy Corporation (Oklahoma), has acquired the following oil and gas leases located near Tulsa, Oklahoma:-
WI – Working Interest NRI – Net Revenue Interest
|
Lease Name |
Acreage |
WI |
NRI |
County |
|
Lancaster and surrounds (see above) |
611 |
100% |
>81.25% |
Tulsa |
|
Cleaveland Project |
160 |
100% |
82.5% |
Creek |
|
Sweet |
240 |
100% |
84.0% |
Pawnee |
|
BlueHawk Project |
160 |
50% |
42.5% |
Osage |
|
Gypsy/Walker Project |
80 |
100% |
81.25% |
Creek |
|
Crisler |
80 |
100% |
84.375% |
Creek |
Kansas Projects
AusTex Oil Limited through its 100% owned subsidiary, International Energy Corporation (Kansas), has acquired the following oil and gas leases located near Hays, Kansas:-
|
Lease Name |
Acreage |
WI |
NRI |
County |
|
Cooper Project |
26,500 |
50% |
42.25% |
Sheridan |
|
Pearl Cress - #A1 well |
Well |
28.5% |
24.93% |
Ellis |
|
Pearl Cress - #A2 well |
Well |
28.5% |
24.93% |
Ellis |
|
McCracken Project |
3,200 |
55% |
42.5% |
Ness |
|
Beltz Project |
160 |
40% |
33.8% |
Ness |
Management
Board of Directors
Dr Peter Power, Non-Executive Chairman
Richard Adrey, Executive Director
Daniel Lanskey, Managing Director
Kay Philip, Non-Executive Director
Trevor Sykes, Non-Executive Director
Major Shareholders
For investor information click here
Contact Information
Australian Office
Head Office: Level 56, MLC Centre,
19 Martin Place,
Sydney NSW 2000
Postal Address: GPO Box 4246, Sydney NSW 2001
Tel: +61 2 9238 2363
Fax: +61 2 8088 7280
Email: info@austexoil.com
Dan Lanskey (Managing Director)
Email: dan.lanskey@austexoil.com
USA Office
International Energy Corporation
1801 East 71st Street, Tulsa Oklahoma
Tel. +1 918 743 7300
Fax +1 918 743 0099
Richard Adrey (President and CEO)
richard@ienergycorp.com
Corporate Information
AUDITORS
Colquhouns, Chartered Accountants
SHARE REGISTRY
Registries Limited
207 Kent Street
Sydney NSW 2000
Tel: 9290 9600
Fax: 9279 0664
PRINCIPAL BANKERS
ANZ Banking Group Limited
