AusTex Oil Ltd fka ATXDY

[trinityd]

Personally I believe Aus Tex will be one of the best performing small oil stocks for 2013!

[RickKayne]

http://www.proactiveinvestors.com.au/companies/news/34442/austex-oil-hits-multiple-hydrocarbon-zones-in-northern-oklahoma-34442.html

More current story.:)

[RickKayne]

Oil found in OK hottest area.

http://www.proactiveinvestors.com.au/companies/news/2732/austex-oil-goes-4-for-4-finding-oil-in-oklahoma-2732.html

[RickKayne]

I'm trying to buy more ATXDY .. The spread is huge, like the number of barrels per day they are finding!

[RickKayne]

Real company pumping a load of liquid gold. It is LEGITIMATE!
No hocus- pocus here.
Production happening as I type this.

[larry8]

AUSTEX AT .16 HIGH OF DAY ON AUSTRALIAN EXCHANGE




http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1409-10552303/MissLimeHorizontalWellresultsexceedexpectations

[RickKayne]

http://www.austexoil.com/irm/Company/ShowPage.aspx/PDFs/1405-49648144/NewVerticalWellatSnakeRiverProjectflowingat90boed

Nice.

[RickKayne]

This is one of the only penny stocks I still trust only because this represents 1/50 of the ADR. Making strong progress, in Oklahoma. no bs here.

[RickKayne]

Opportunity here to buy into one of the hottest oil territories in U.S.

[RickKayne]

Sydney, Australia, Sep 12, 2012 - (ABN Newswire) - United States focused oil & gas produer AusTex Oil Limited (ASX:AOK.AX - News) (OTCQX:ATXDF - News) is pleased to update shareholders on its continued well development program at the company's 100% owned 5,500 acre Snake River Project in Kay County, Oklahoma.
Following the success of the Balder #1-30N Horizontal Mississippi Lime well during the June quarter, AOK has entered into further agreements to participiate in additional horizontal well development with Range Resources Corporation (NYSE:RRC - News). The Balder #1-30N has demonstrated the potential of the Mississippi Lime interval having achieved a 30 day average IP of 899 boe/day and a peak 24 hour rate of 1,363 boe/day (782 barrels of oil, 340 barrels NGLs and 1,448 mcf gas). AOK holds a 13.76% interest in the Balder #1-30N well.
Balder #2-31N Well
The Balder #2-31N Well is to be drilled as an offset to the successful Balder #1-30N horizontal well on a 160 acre spacing. AOK will hold a 13.76% Working Interest in the new well.
Hod #19-1N Well
AOK has entered into an agreement with Range Resources Corporation (NYSE:RRC - News) to participate in Horizontal Well development in Section 19, Township 25N Range 1 West. Up to three wells are to be drilled with the Hod #1-19H well expected to spud in October. AOK will hold 8.33% Working Interest in this well.
Additional Horizontal Well development is planned on the Snake River Project and AOK will update further details in coming months.
Speaking from Tulsa, Richard Adrey, Executive Chairman commented, "We are delighted to be participating with additional horizontal well development with Range. With the proposed increased density to 160 acre spacing, this again highlights the potential of our Snake River Project. Additional oil production is coming on line as we test new vertical wells and we are on target with our 2 vertical well per month program. We have just drilled our tenth vertical well and expect to have nine producing before the end of October".
View the complete AusTex Oil announcement including Figure 1, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-AOK-694239.pdf

[RickKayne]

This thing needs to get noticed. What just because most managers are from down under? What's the biased.
Buy, buy buy.

[RickKayne]

No ADR move.

These guys are producing. Soon enough the Austex shall move, maybe needs a little more tex in its volume. Nothing small in Texas lol.

Go lime!!!

[larry8]

WOW Volum at 10 million shares up 19% on the Austrailian exchange



Buy


Sell


First


High


Low


Last


MktPrice


Change


PctChange


Volume


TotalTrades



0.16

0.16

0.14

0.16

0.13

0.16

0.16

0.03


19.2%


10,592,594


254

[RickKayne]

I'm in the ATXDY which is the same thing. Liking the M-Lime!!

[larry8]

AOK delivers 75% increase in production for June
United States focused oil & gas produer AusTex Oil Limited (ASX:AOK – OTCQX:ATXDY) is pleased to report oil and gas production rates for the month of June 2012.
Production for the month of June increased to 299 BOE, a 75% increase on the prior month. The increase was due largely to the contribution from the Balder #1 horizontal well, in which AusTex participated with Range Resources Inc. (NYSE: RRC). Improved production from the Company’s producing vertical wells also contributed. http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1390-23098175/Austexreports75increaseinProductioninJune
http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1391-85956018/QuarterlyActivitiesandCashFlowReportforJune2012

[Belgianshareholder]

Nope, not so far...

[RickKayne]

We are in the midst of an oil boom in the KS and OK..

These guys are definitely in the mix.

http://www.cnbc.com/id/47633423

watch the video.

[MWM]

Yep this is a much more solid play to say the least, very good one to bottom fish on with the pullback in oil...

[RickKayne]

Did you take a rid on the Aus tex train yet, Still think this thing can come through?

[RickKayne]

Is this a more conservative play than the one that went sour?

[hmmauto]

Lol..yeah I like Americas team even when no one else does..Raymond Clayborn and Kenneth Sims were the guys I knew.i live in Austin Tx and they both spent a great a great deal of time here. Both good guys and Raymond especially ..good luck,michael

[Papa Bear]

ATXDF ~~~~~ Sounds great ... please post what you find. From NH here so I am deep in Patriots country, but they are not me team. I am a diehard Cowboys fan ... but I watch it because I am a bigger football fan. You said you had friends that played with the Patriots during their suckish 80's decade. Anyone I know of?

SC

[hmmauto]

Thank you!..I plan on doing some DD myself and will post it as I research. But now it's Super Bowl Sunday and I am ready for some football!!..Go Patriots!..good luck,michael

[Papa Bear]

ATXDF ~~~~~ Some other things that I love about this stock:

From the latest quarterly report:

1. Improving cash flow over the quarter
2. Cash and short term investments on hand at end of quarter were $1,172,848. Production for the first weeks of January 2012 had increased to an average of 215 boe/day as a result of the completion of the two Mississippi Lime wells on the East Tonkawa Unit in Northern Oklahoma.
3. The Mollhagen #8 well was drilled successfully to TD at 3,309 feet and logs and samples confirmed the presence of
producible hydrocarbons over two intervals in the Arbuckle Limestone between 3,175 feet and 3,237 feet.
The well has been completed for production testing and is awaiting the final installation of surface facilities. Testing is
expected to commence this quarter.
Additional drill locations have been identified within the lease area with drilling to be scheduled later this calendar year.

ATXDF
ATXDF
ATXDF
ATXDF
ATXDF

[Papa Bear]

ATXDF ~~~~~ Here are some of the things that I love about ATXDF:

Sales 3.61 Mil
Sales Growth +144.30%
Income Growth +35.30%
Market Cap (02/03/2012) 27.11 Mil
Shares Outstanding (10/21/2011) ((((225.94 Mil)))))

Float and authorized share count are not posted, but as soon as I find out what they are, I will post them.

ATXDF
ATXDF
ATXDF
ATXDF
ATXDF

[hmmauto]

Latest filing ..good luck, michael
http://www.otcmarkets.com/financialReportViewer?symbol=ATXDF&id=71942

[hmmauto]

Marked...good luck, michael

[hmmauto]

Tell me more about this co..it looks positively interesting...tia..good luck, michael

[Papa Bear]

ATXDF ~~~~~~ Contact Information

USA Office
International Energy Corporation (ATXDF)

Address: 1801 East 71st Street
Tulsa Oklahoma

Telephone: [phone]
Fax: [phone]

Richard Adrey
(President and CEO) [e-mail]

[Papa Bear]

ATXDF ~~~~~~ Latest News!

Northern Oklahoma Production Update
2nd Mississippi Lime well exceeds expectations
ETU #14-5 Well 30 day IP averages 90 boe/d
Snake River Project – 6,000 acres Northern Oklahoma
AOK 100% WI ~80% NRI
ETU #14-5 – Production Update


The well has now been tested for a period of 30 days with an Electric Submersible Pump. During this period the well was shut in at various times for final adjustments.

On 14 January 2012, a peak 24 hour rate of 90 bopd and 100 mcf/d was recorded being 106 boe/day. Since production testing began the well has averaged 90 boe/d (80% Oil).

Fluid level in the well is still approximately 2,000 feet above the highest perforations.

Speaking from Tulsa, Richard Adrey, Executive Director of AOK (ATXDF) stated ”We see the Mississippi Lime play as a unique reservoir that is in the very early stages of optimization. We have aligned ourselves with hydraulic fracturing specialists with decades of experience in unconventional reservoir exploitation. To date we are very pleased with the results of our approach, and are on pace for an investment recovery in this well within six months with decline-curves factored in.”

[Papa Bear]

ATXDF ~~~~~~ Technology Advantage

International Energy Corporation (Oklahoma), a wholly owned subsidiary of AOK (ATXDF), holds a 10 year exclusive marketing agreement for the State of Oklahoma for the patented Radial Jet Enhancement Technology. IEC (OK) operates a mobile truck mounted rig, based in Tulsa. The technology allows operators to enter existing vertical oil wells and jet lateral channels into known oil producing zones. Previous applications of the technology have resulted in an increase of oil production up to 10 times.

[Papa Bear]

ATXDF ~~~~~~ Current Oil and Gas Holdings

AusTex Oil Limited currently has leasehold areas in Oklahoma and Kansas.

Lease Name Acreage WI NRI County, State
Snake River Project ~6,000 100% 81.25% Kay and Noble Counties, OK
Lancaster and surrounds ~1,000 100% 81.25% Tulsa, OK
Sweet 400 100% 84% Pawnee, OK
Crisler 80 100% 84.375% Creek, OK
Gypsy/Walker Project 80 100% 81.25% Creek, OK
BlueHawk Project 160 50% 42.5% Osage, OK
Cleveland Project 160 100% 82.5% Creek, OK
Cooper Project 26,500 53% 43.5% Sheridan, KS
Jewel Project 35,000 30% 21.3% Jewel and Mitchell, KS
Beltz Project 160 40% 33.8% Ellis, KS
Ellsworth Project 3,000 50% 38% Ellsworth, KS

[Papa Bear]

ATXDF ~~~~~~ Business Overview

AusTex is focused on exploration and development of oil and gas leases in the USA. The company produces oil and gas in Oklahoma and Kansas and is currenlty developing producing leases in both states with interests in ~ 70,000 acres of oil and gas leases.

US operations are based in Tulsa, Oklahoma, with an office at 1801 East 71st Street. International Energy Corporation (Oklahoma) is a wholly owned subsidiary and a licensed oil and gas operator in Oklahoma.

AusTex holds approximately 6,000 acres (100% WI 81/% NRI) of the Snake River Project in Kay County, Oklahoma in the emerging Mississippi Lime play. In the last 12 months, neighbouring operator Range Resources NYSE:RRC has drilled 8 horizontal wells in the play and reports current production of 3,200 barrels of oil equivalent in their most recent public releases. AOK plans to drill a mix of vertical and horizontal wells over the next 18 months. Currently the company has drilled 2 wells of a planned 10 vertical wells to delineate the reservoir beneath its current acreage. The results of these vertical wells will assist to finalise plans to undertake up to 4 horizontal wells in calendar 2012.

The company continues to lease acreage in both Kansas and Oklahoma and plans to increase oil production in the short term through its drilling activities.

[Belgianshareholder]

http://www.abnnewswire.net/press/en/71557/AusTex_Oil_Limited_(ASX:AOK)_Operations_to_Commence_on_3rd_Mississippi_Lime_Well.html

[Belgianshareholder]

News...

http://www.proactiveinvestors.com.au/companies/news/24625/austex-oil-expects-quick-cost-recovery-from-second-mississippi-lime-well-24625.html

[King Zulu]

Indeed!!
King Zulu

[trinityd]

Wouldn't Sandridge be nice to have as a JV?

[King Zulu]

Isnt this the company that has a JV with SIOR or is it with Sandridge?
King Zulu

[trinityd]

What a great find, very nice company!

[MWM]

Marked