United States focused oil & gas producer AusTex Oil Limited update shareholders on its continued well development program at the company's 100% owned 5,500 acre Snake River Project in Kay County, Oklahoma.

Hod #19-1N Well

The company has received confirmation from Range Production Company, a subsidiary of Range Resources Corporation, that drilling operations at the Hod #19-1N Horizontal well have been completed and that production testing is to commence. AusTex holds an 8.4% Working Interest and 6.7% Net Revenue Interest in the Hod #19-1N well.

The well reached a Total Measured Depth of 9,301 feet including a 4,000 foot lateral section through the Mississippi Lime interval. Logs and samples have confirmed the presence of Hydrocarbons across the length of the lateral. A 20 stage hydraulic fracture stimulation has been completed successfully and the well has been fitted with an Electric Submersible Pump. Production testing has commenced and further updates will be provided in coming weeks.

Tags: AusTex Oil Limited