re: News: Austex Oil continues successful oil... Big Kudos to...

re: News: Austex Oil continues successful oil... Big Kudos to management!

1) News flow seems to genuinely be aimed at raising the SP so eventual future CR (TSX listing) will be at a higher price. Contrast this with some other oilers where the news tap is turned off prior to CR and the SP is manipulated down....for the benefit of whom...?

2) On track to drill 18 vertical wells by the end of year. Give another 3 months for completion and production testing, and AOK should be getting 40X18=720+ BOPD from their verticals. Add legacy assets, horizontals and Kansas and we are a good chance at almost 1000 BOPD by Easter.

3) 200ft ML confirmed in Kansas. We are yet to know porosity.

4) JV with Range on next horizontal bodes well for good outcomes

5) Comprehensive deliniation wells accross Snake river bode well for our own horizontals.

6) Apache drilling 8 miles away. This is only 8 sections away (The acre is related to the square mile, with 640 acres making up one square mile.). A positive result will rapidly increase the value of Kansas acres which currently are not backed by consistent results.