Sydney, Jan 25, 2011 (ABN Newswire) - AusTex Oil Limited (ASX:AOK) is pleased to announce that Castle Resources Inc. (CVE:CRI), as operator, advises that drilling operations on the Pratt #1 well commenced on Sunday 23 January (Kansas Time). Surface casing has been set to 216 feet and the rig is drilling ahead at 2,400 feet. Drilling operations are expected to continue until the end of this week.
Located to the north of the Clark #1 discovery well, the Pratt #1 is targeting the Toronto and Lansing-Kansas City formations with a projected TD of 4,400 feet. 3D seismic conducted on the 26,500 acre project identified a four way closure at this site.
AOK holds a 53% Working Interest and a 43.5% Net Revenue interest in this project located in Sheridan County, Kansas.
AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) 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.
Contact
Daniel Lanskey Managing Director Tel: +61-2-9238-2363 Fax: +61-2-8088-7280 Email: dan.lanskey@austexoil.com http://www.austexoil.com
ASX:AOK) is pleased to announce that Castle Resources Inc. (
AusTex Oil Limited
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