Sydney, Australia, Nov 26, 2012 - (ABN Newswire) - AusTex Oil Limited (ASX:AOK.AX - News) (OTCQX:ATXDF - News) is pleased to announce the results of the Share Purchase Plan (SPP) which closed on 20 November 2012.
Shareholders participating in the SPP subscribed for total applications of $1,021,800 representing 8,515,000 new shares. The shares are expected to be allocated later today.
As previously advised, AusTex is seeking shareholder approval at its Extraordinary General Meeting today to place the shortfall.
About AusTex Oil Limited:
AusTex Oil Limited (ASX:AOK.AX - News) (OTCQX:ATXDF - News) is an Australia-based company. The Company is engaged in the development of oil and gas leases in the United States. It produces oil and gas from leases in Oklahoma and Kansas. It is also engaged in the exploration, development and production of hydrocarbons in the United States. Its wholly owned subsidiaries include International Energy Corporation (Oklahoma), International Energy Corporation (Kansas) and Well Enhancement Services LLC. During the year fiscal year ended March 31, 2009 (fiscal 2009), the Company was engaged in the drilling of three wells on the Lancaster Lease group, Tulsa County; two wells on the Sweet Unit, Pawnee County, and one well on the BlueHawk Project in Osage County.
Contact:
AusTex Oil Limited T: +61-2-9238-2363 F: +61-2-8088-7280 WWW: www.austexoil.com
Source:
AusTex Oil Limited
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