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January 09, 2012 at 13:59 PM EST
AusTex Oil Limited (ASX:AOK) Reports Production Testing Update on 2nd Mississippi Lime Well

AusTex Oil Limited (ASX:AOK) is pleased to announce the the following update on production testing on the ETU #14-5 well located on the East Tonkawa Unit in Kay County Oklahoma. The well has now been tested over a 14 day period with an electric submersible pump. During the test period the well produced an average of average of 85 boe/d with 70 bopd and 90 mcf of gas per day.

A further update will be advised after 30 day testing period has been completed.

Additional Wells is planned for 2012.

The ETU #14-5 and #15-4 are part of a planned 10 vertical well program to develop the Mississippi Lime formation. The data from the initial vertical well program will be used to finalise locations for horizontal development planned during calendar 2012.

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.

Daniel Lanskey
Managing Director
Tel: +61-2-9238-2363


AusTex Oil Limited

Copyright (C) 2012 ABN Newswire. All rights reserved.

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