AusTex Oil Limited (ASX:AOK) Reports Rolf #1 Well Success In North West Kansas
Sydney, Oct 18, 2010 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) is pleased to advise that drilling of the Rolf #1 Well in North West Kansas successfully reached a Total Depth of 3,470 feet. Samples obtained during drilling and logs confirmed the well intersected oil and gas in the Lansing Kansas City and Arbuckle formations.
Casing has been set and initial production testing in the Arbuckle formation commences shortly.
AOK holds a 50% Working Interest and 38% Net Revenue Interest with Castle Resources Inc. (CVE:CRI), as partner and operator of this 3,000 acre project in North West, Kansas.
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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