Drilling of the Blumbaugh #20D-1 Well is underway at the Snake River project, Kay county, Oklahoma. The well is to be drilled to an estimated TD of 6,100 feet into the Arbuckle Formation which underlies the Mississippi Lime interval. The well is being drilled as a new salt water disposal well on the northside of the river which bisects the project area and will be used to dispose of produced water from additional production wells to be drilled in the coming months.

Surface casing has been set at 250 feet surface and the well is drilling ahead at 2,440 feet as at 5pm, 25 April 2012, Central Time. Mud logs and samples have indicated the presence of hydrocarbons in the shallow Pennsylvanian intervals.

Tags: AusTex Oil Limited