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AusTex Oil Drives Mississippi Lime Drilling

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September 17, 2012

AusTex Oil Ltd. (ASX:AOK - OTCQX:ATXDY) updated shareholders on its continued well development program at the company's 100% owned 5,500 acre Snake River project in Kay County, Okla.

AusTex has now drilled 10 vertical wells (nine production wells and one salt water disposal well) at its Snake River project to an average depth of 4,750 feet and at an average cost of $600,000 per well.

The #20-1D Salt Water Disposal (SWD) well is now approved and operational at production hub No. 2. Five production wells are now on pump with ...

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