AusTex Oil Limited (ASX:AOK) Successfully Completed ETU #15-4 Hydraulic Fracture Stimulation
Sydney, Oct 24, 2011 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) (PINK:ATXDY) is pleased to provide the following update to operations in Kansas and Oklahoma.
Snake River Project - 6,000 acres Northern Oklahoma
AOK 100% WI ~80% NRI
ETU #15-4 - completion update
Hydraulic fracture stimulation in two separate stages of the Mississippi Lime interval were successfully completed on Wednesday 18 October 2011.
Stage 1 was between 4,504 feet and 4,590 feet in a section of naturally fractured limestone. Stage 2 was on a shallower interval between 4,395 feet and 4,456 feet.
Completion procedures and production testing on the well is to begin this week.
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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