Australian Oil Company Limited

AusTex Oil Limited (ASX:AOK), advises that drilling of the Baggett #33-4 successfully reached Total Depth of 1,897 feet on Friday, 23 July 2010. The well is located on the eastern edge of the Lancaster Lease Group and to the north of the Baggett #33-3.

AusTex Oil Limited (ASX:AOK), advises that drilling of the Baggett #33-4 commenced overnight on the Lancaster Lease Group, Tulsa County, Oklahoma. Surface pipe has been set at 322 feet.

AusTex Oil Limited (ASX:AOK), advises that drilling of the Mayo Moore #8 ERW (Enhanced Recovery Well)has been completed on the Lancaster Lease Group, Tulsa County, Oklahoma. This is the first well permitted and drilled specifically for water injection into the producing Red Fork and Tanaha formations as part of the reservoir management plan. A number of injection wells will be drilled over the coming months in addition to new production wells. This will ensure maximum recovery and life span of oil and gas production from the lease.

AusTex Oil Limited (ASX:AOK), advises the following update on our Cooper Project, Kansas.

AusTex Oil Limited (ASX:AOK), advises that drilling of the Clark #5 well successfully reached a Total Depth (TD) of 4,150 feet on Tuesday Kansas Time.

AusTex Oil Limited (ASX:AOK), advises that drilling of the Clark #5 Well commenced overnight.

AusTex Oil Limited (ASX:AOK), advises the following update on operations in Oklahoma.

AusTex Oil Limited (ASX:AOK), advises that drilling of the Hollie #2 well successfully reached a Total Depth (TD) of 2462 feet on Wednesday night Tulsa Time. During drilling operations free oil and gas were displaced to the surface.

AusTex Oil Limited (ASX:AOK) advises that drilling of the Hollie #2 Well has commenced overnight on the Lancaster Lease Group, Tulsa County, Oklahoma.

AusTex Oil Limited (ASX:AOK) advises the following drilling results on wells in Oklahoma and Kansas.