Australian Oil Company Limited

United States focused oil & gas producer and explorer AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to announce that the Blubaugh #20-1 production Well has been successfully drilled to a Total Depth of 4,844 feet. AOK holds a 100% Working Interest and a 81.25% net revenue interest in the Snake River Project which sits in the highly prospective Mississippian Limestone Play ("Mississippi Lime") located in Northern Oklahoma and Southern Kansas.

United States focused oil & gas producer and explorer AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to report that it has received confirmation from Range Resources Inc (NYSE:RRC) that the Balder #1-30N horizontal well has commenced production with highly encouraging flow rates recorded in the first six days.

United States focused oil & gas producer and explorer AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to announce that it is fast-tracking the development of the 5,500 acre Snake River Project in Kay County, Oklahoma. AOK holds a 100% Working Interest and a 80% net revenue interest in the project which sits in the highly prospective Mississippian Limestone Play ("Mississippi Lime") located in Northern Oklahoma and Southern Kansas.

AusTex Oil Limited (ASX:AOK) is pleased to provide its Quarterly Activity Report for the quarter ended 31 March 2012.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to announce an update on funding intitiatives announced on 19 March 2012, to continue exploration and development of the Company's oil and gas leases in Oklahoma and Kansas.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to report oil and gas production for the month of March 2012.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to announce the following update on drilling operations in Northern Oklahoma. Drilling of the Blumbaugh #20D-1 Well is underway at the Snake River project, Kay county, Oklahoma. The well is to be drilled to an estimated TD of 6,100 feet into the Arbuckle Formation which underlies the Mississippi Lime interval.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to report the following update on drilling operations in Northern Oklahoma. The operator, Range Production Company Inc., reports that the Balder #1-30N horizontal well was successfully hydraulically fractured and is currently flowing back fluid. The well is being tied into onsite storage facilities for production testing.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to report the following update on drilling operations in Northern Oklahoma.

AusTex Oil Limited (ASX:AOK) (OTCQX:ATXDY) is pleased to advise the following update on operations in Kansas.