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Sydney, Mar 16, 2010 (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) advises the following update on operations in Kansas.
Eisenhour #1 Well - McCracken Project
The operator, Castle Resources Inc., advises that drilling of the wildcat Eisenhour #1 well reached a Total Depth (TD) of 4100 feet overnight. The well had oil shows in the Cherokee formation between 3970 feet and 4009 feet, however, Drill Stem Tests conducted on two intervals failed to recover commercial oil or gas.
The well has been plugged and abandoned.
The 3200 acre McCracken Project is located in Ness and Rush Counties, Kansas, near the town of McCracken.
AOK holds a 63.92% Working Interest and 52.4% Net Revenue Interest in this project.
Cooper Project - Sheridan County
Drilling operations are underway on the water disposal well located south of the successful Clark #1 Well. The operator, Castle Resources Inc., advises that testing of the disposal system should commence next week.
Once the disposal well is completed, oil production from the Lansing-Kansas City formation in the Clark #1 well is planned. During completion of the well, the Lansing-Kansas City formation tested at 230 barrels of oil per day with associated water, with the Toronto formation testing at 250 barrels of oil per day. The well has been producing from the Lansing-Kansas City formation since late January. Permits have been obtained to drill another 3 wells to offset the Clark #1 well with drilling expected to commence by the end of March 2010. AOK holds a 53% working interest and a 45% net revenue interest in this project.
ASX:AOK) advises the following update on operations in Kansas.Eisenhour #1 Well - McCracken Project
The operator, Castle Resources Inc., advises that drilling of the wildcat Eisenhour #1 well reached a Total Depth (TD) of 4100 feet overnight. The well had oil shows in the Cherokee formation between 3970 feet and 4009 feet, however, Drill Stem Tests conducted on two intervals failed to recover commercial oil or gas.
The well has been plugged and abandoned.
The 3200 acre McCracken Project is located in Ness and Rush Counties, Kansas, near the town of McCracken.
AOK holds a 63.92% Working Interest and 52.4% Net Revenue Interest in this project.
Cooper Project - Sheridan County
Drilling operations are underway on the water disposal well located south of the successful Clark #1 Well. The operator, Castle Resources Inc., advises that testing of the disposal system should commence next week.
Once the disposal well is completed, oil production from the Lansing-Kansas City formation in the Clark #1 well is planned. During completion of the well, the Lansing-Kansas City formation tested at 230 barrels of oil per day with associated water, with the Toronto formation testing at 250 barrels of oil per day. The well has been producing from the Lansing-Kansas City formation since late January. Permits have been obtained to drill another 3 wells to offset the Clark #1 well with drilling expected to commence by the end of March 2010. AOK holds a 53% working interest and a 45% net revenue interest in this project.
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.
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