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AUSTEX OIL LIMITED

ASX: AOK

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

AusTex OIl Ltd is listed on the ASX: AOK, Toronto Venture Exchange TSVX: ATO and QTCQ: ATXDY.

AUS TEX OIL is focused on exploration and development of oil and gas leases in the USA. The company produces oil and gas in Oklahoma and Kansas and is currently developing producing leases in both states with interests in 21,000 net acres of oil and gas leases in the Mississippi Lime Play. The Company has net production of over 1,000 boe/day with Independent 1P reserves certified at 13.9 Million BOE and Independent 2P Reserves certified at 16.75 Million BOE with a combined NPV10 of $US260 million as at March 2014.

In Oklahoma, AOK is focusing on development of already proven producing leases with an infill drilling program underway and is the operator.

Snake River Project – 7,000 acres
Northern Oklahoma
AOK 100% Working Interest (WI) 81.25% Net Revenue Interest (NRI)

The Snake River Project is located in Kay County, Northern Oklahoma and is the Company’s primary focus and is expanding both its acreage position and drilling commitments through the execution of its vertical well development strategy. The centre of the project lies approximately 5 miles south west of Ponca City and the general area hosts significant infrastructure including an oil refinery, gas  gathering facilities, gas sales lines and a compression and liquids stripping plant owned by other companies.

Kansas - Exploration and Development upside - Recognised now as Miss Lime Extension

  • Cooper Project - Producing
    • ~11,600 acres of 3D seismic 53% WI 43% NRI
    • Discovery well Clark #1 drilled in 2010 - WI 53% NRI 43.5% - Seismic ties to Sonic Logs
    • Vertical drilling Toronto, Lansing-Kansas City and Mississippian targets to 4,700 feet - $450,000 Fully Completed
  • Colby Project - Exploration
    • 15,500 acres of 3D seismic 70% WI 57.4% NRI
    • Historical Data shows Miss Lime presence
  • Ellsworth County - Producing
    • 2,400 acres - WI 50% NRI 38%
    • Targeting multiple Arbuckle formation breaks - deeper targets in existing oil fields - 3,500 feet

    Mine For

    oil, gas

    Location of operation(s)

    USA

    Address

    Level 7 207 Kent Street,
    SYDNEY, NSW, AUSTRALIA. 2000

    Phone

    +61 2 9238 2363

    Email

    Website


    Last Updated

    8/08/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.