AusTex forced to divest Snake River

ASX-Listed AusTex Oil has sold its Snake River oil and gas assets in Oklahoma through its US subsidiary International Energy to US-based SNR Oklahoma Operating for approximately US$14 million.

AusTex forced to divest Snake River AusTex forced to divest Snake River AusTex forced to divest Snake River AusTex forced to divest Snake River AusTex forced to divest Snake River
The Snake River project is in the Kay County of Northern Oklahoma and was the company's primary focus, comprising of 9,900 acres of which AusTex held a 100% working interest and an 81.