Monthly Production for February
Sydney, Mar 23, 2012 AEST (ABN Newswire) - AusTex Oil Limited (
ASX:AOK) (OTCQX:ATXDY) is pleased to report oil and gas production for the month of February 2012.
-----------------------------------------------Month Total Production Average Daily BOE Production-----------------------------------------------October 3,537 114November 3,459 116December 4,180 135January 6,698 216February 4,320** 149**-----------------------------------------------
** The decrease in daily production for the month of February was primarily due to oil and gas production at the Snake River Project in Northern Oklahoma being offline for the period from the 1st to the 17th of February for a Pump Changeover and final hookups to permanent infrastructure which was part of planned completion program. Production thereafter increased when the Well was back on line. By the end of the month daily production had increased to 219/boe.
Wells under Completion for Production
Additional production increases are anticipated for the June Quarter as the following wells are tied into facilities with production expected to commence shortly:-
-------------------------------------------------Well Name Project Status-------------------------------------------------Adams #1 Snake River -OK PerforatedBalder #1-30N Snake River - OK Drilling AheadLudwick #1 Ellsworth - KS Pump FittedMollhagen #8 Ellsworth - KS Waiting on SWD -------------------------------------------------
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.
| ||
|
