• AusTex now an emerging US oil and gas producer

  • 2P Reserves 7.4 mmboe (March 2009)

  • $5.2m cash - March 31, 2009

  • AusTex operating on 6 projects in Oklahoma development of multiple oil and gas zones ongoing

  • Kansas development plan underway - 2 wells planned June Qtr 2009

  • 30 day sales cycle - local oil refineries and gas buyers