AusTex Oil Limited (ASX:AOK) Reports Oil and Gas Production for December Quarter
Sydney, Jan 16, 2012 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) is pleased to report the oil and gas production for the 3 months ended 31 December 2011.
As reported earlier this month, production testing has now been completed on 2 new Mississippi Lime wells in Northern Oklahoma with oil and gas sales underway. The group's oil and gas production for the first 14 days of January averaged 215 boe/d net to AOK from its leases which represents a 50+% increase over the previous month.
----------------------------------------Month Total Production Average Daily BOE Production ----------------------------------------October 3,537 114----------------------------------------November 3,459 116 ----------------------------------------December 4,180 135----------------------------------------
For Further Information - Please contact Daniel Lanskey, Managing Director, Australia at Tel: +61-2-9238-2363
About AusTex Oil Limited
AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is a Public Company listed on the Australian Securities Exchange (ASX) and the OTCQX.
AusTex 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 11,600 net acres of oil and gas leases in the Mississippi Lime Play. The Company has net production of circa 800 boe/day with Independent 1P reserves certified at 3.505 Million BOE with NPV10 of US34.8 million as at 31 December 2015.
US operations are based in Tulsa, Oklahoma, with an office at 1801 East 71st Street. International Energy Corporation (Oklahoma) is a wholly owned subsidiary and a licensed oil and gas operator in Oklahoma and Kansas.
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