AusTex Commences Drilling Ok. Well



AusTex advised that drilling of the Hollie #2 Well has commenced overnight on the Lancaster Lease Group, Tulsa County, Oklahoma.

The Hollie# 2 is a step out well to the west of the successful Baggett #2-33 and south of the Mayo Moore #1 wells. Surface pipe has been set at 318 feet and drilling operations are continuing. Planned Total Depth of 2,500 feet should be reached within the next 2-3 days.

The well is targeting the Red Fork, Tanaha, Wilcox and Arbuckle Formations.

AOK holds a 100% Working Interest and 81.25% Net Revenue Interest in this project.