Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

AusTex Oil targets more oil with Oklahoma horizontal well  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 03/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) AusTex Oil (ASX: AOK) is participating in a horizontal well targeting the highly productive Mississippi Lime that seeks to replicate the success of the Balder-1 well.

The Hod 19-1N well, which is operated by Range Resources Corporation (NYSE:RRC) is the first of up to three wells to be drilled on Section 19 on the western side of the Snake River Project in Kay County, Oklahoma.

It will be drilled to a total depth of 9,600 feet including an expected 4,000 feet lateral.

Balder-1 is still producing oil and gas at a rate of 480 barrels of oil equivalent per day.

AusTex has roughly 8.4% working interest in the Hod 19-1 and a 6.7% net revenue interest.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help