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Drilling commences on Lancaster #9 Well Production testing continues on Lancaster #8 Well Lancaster Lease Group - Oklahoma

Drilling commences on Lancaster #9 Well
Production testing continues on Lancaster #8 Well
Lancaster Lease Group - Oklahoma
 
AusTex Oil Limited (ASX:AOK), advises the following operations update for the Lancaster Lease Group, Tulsa County, Oklahoma.
 
Lancaster #9 spudded Drilling of the Lancaster #9 Well commenced overnight. The Lancaster #9 is a step out development well located to the east of the successful Lancaster #8 well, and is targeting the Simpson Series formations and with an expected Total Depth of 2,550 feet. Drilling operations should be completed within 4-5 days.
 
Lancaster #8 – Production testing continues Production testing on the Lancaster #8 is ongoing. The well is currently producing oil, gas and associated water and was this week refitted with a larger engine to enable a greater quantity of fluid to be recovered. Engineering staff advise that stabilised production numbers for both oil and gas volumes should be available within the next 2 weeks.
 
AOK holds a 100% Working Interest and 81.25% Net Revenue Interest in this project.
 
For further information please contact;
 
Daniel Lanskey
Managing Director
Tel. +61 2 9238 2363
Or visit www.austexoil.com