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AusTex Oil Accelerates Mississippi Lime Production

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September 25, 2012

AusTex Oil Ltd. (ASX: AOK) reported stable production rates for July and August from its operations in Oklahoma and Kansas.

Average daily production levels for July and August have stabilized at levels in line with management's expectations.

In the last 60 days, AusTex has brought two vertical wells on pump, a further three vertical wells have been drilled, fraced and are awaiting completion with two wells to be fraced, one of which is to be done overnight. This rate of development is expected to deliver a significant and material increase ...

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