Monthly Production for March 2012
Sydney, April 26, 2012 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) (OTCQX:ATXDY) is pleased to report oil and gas production for the month of March 2012.
----------------------------------------------Month Total Production Average Daily BOE Production ----------------------------------------------October 3,537 114November 3,459 116December 4,180 135January 6,698 216February 4,320 149March 5,385 175*----------------------------------------------
* Between 1 March and 7 March production at the Snake River Project was impacted by upgrading work at the nearby Mustang Gas Compression station.
Wells under Completion for Production
Additional production increases are anticipated for the June Quarter as the following wells are tied into facilities with production expected to commence shortly:-
--------------------------------------------------------Well Name Project Status--------------------------------------------------------Adams #1 Snake River -OK On Pump Recovering Frac Load--------------------------------------------------------Balder #1-30N Snake River - OK Waiting on Completion--------------------------------------------------------ETU #17-6 Snake River - OK Drilling--------------------------------------------------------Ludwick #1 Ellsworth - KS Production Testing--------------------------------------------------------Mollhagen #8 Ellsworth - KS Waiting on SWD--------------------------------------------------------
About Australian Oil Company Limited
Australian Oil Company Limited (ASX:AOK) (OTCMKTS:SGCSF) is an Australian-based energy company focused on under-explored, recently over-looked, world class oil and gas opportunities near under-supplied markets. The Company is currently focussed on conventional oil and gas exploration and production in the Sacramento Basin in California. Australian Oil has a portfolio of natural gas and oil producing wells in addition to prospects and discoveries at various exploration and appraisal stages. AOK is in the process of evaluating the acquisition of oil and gas producing and exploration assets to enhance the Company's strategic needs and deliver shareholder value.
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