AusTex Oil Limited Stock

AusTex Oil Limited is an Australia-based company engaged in the development of oil leases in Oklahoma, the United States. The Company produces oil and gas in Oklahoma and Kansas in the United States. The Company produces oil and gas in Oklahoma and Kansas, and is developing and producing leases in both states with interests in approximately 14,000 net acres of oil and gas leases in the Mississippi Lime Play. It holds approximately 11,200 acres of the Snake River Project in Kay County, Oklahoma in the Mississippi Lime. It develops vertical wells at its Snake River Project with the primary focus being the Mississippian interval, which is approximately 4,300 feet below surface. It has net production of approximately 800 barrel of oil equivalent (boe/day). The Company's subsidiaries include AusTex Oil Holdings LLC, IEC Holdings LLC, International Energy Corporation (Oklahoma), Well Enhancement Services of Oklahoma LLC, International Energy LLC and International Energy Company LLC.