The Mississippian A World Class, Low Risk Shallow Oil Play

Shallow Carbonate Oil Play - 4,300 feet below surface - Vertical Well EUR 60,000-85,000 BOE 70% Oil – Drill and Complete Vertical Well $650,000 IRR 60-80%

AusTex Oil Limited (ASX:AOK - TSXV:ATO - OTCQX: ATXDY) is a listed public company trading on the Australian Securities Exchange and the Toronto Venture Exchange. The company produces oil and gas from leases in Kansas and Oklahoma with Independent 2P Reserves of 12 million Barrels of Oil Equivalent with NPV10 $US284 million. Revenue for the year ended 31 December 2013 was $17million.

The Company is focused on growing oil and gas production in Oklahoma and is drilling 6 new wells per quarter as Operator on the 100% owned Snake River Project in the Mississippian Liquids Rich play in Oklahoma.

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