AusTex Oil (ASX: AOK) has reported on the drilling results at wells in Oklahoma and Kansas with Baggett #33-3 considered a success and Clark #3 plugged.
Drilling on the Baggett #33-3 well in Tulsa County, Oklahoma, reached a Total Depth (TD) of 2,490 feet on 29 April 2010 (Oklahoma Time).
Well logs indicate the presence of hydrocarbons in the Prue, Upper Skinner, Red Fork, Tanneha and Wilcox formations. Casing has been set and the well is being completed for production.
AOK holds a 100% Working Interest and 81.25% Net Revenue Interest in the well. Plans are underway to drill the Ownby #2 well to the west of the recently successful Baggett #33-1 and Baggett #33-2. Drilling is scheduled to commence within 3 weeks.
Drilling on the Clark #3 well within the Cooper Project in Sheridan County, Kansas, reached TD of 4,146 feet on 30 April 2010 (Kansas Time).
Oil shows were present in samples from the Howard, Toronto and Lansing-Kansas City formations. None of these produced on drill stem tests. The well has been plugged.
This well tested the northwest limits of the seismically defined closure. Logs indicate that the reservoir quality is variable with thinning of the target intervals at this location.
This variability is commonplace in northwest Kansas. The extent of the excellent quality reservoirs encountered in the Clark #1 will be determined by further development drilling.
Austex said drilling of the Clark #4 development well, northeast of the Clark #1 well, is scheduled for the first half of June 2010.