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Overview

Austin-based South Texas Oil Company acquires, explores and exploits predominantly oil-bearing formations in its core operating areas in south-central and southwest Texas and in the DJ Basin of northeast Colorado. The Company has a high-working-interest inventory of over 200 identified drillable locations and expects the Board to approve its 2008 capital expenditure budget in the very near term. The Company anticipates investing growth capital in both its Texas assets as well as its DJ Basin properties in Colorado. Two company-owned rigs will be utilized to help develop the Company’s successful Bastrop core operating area as well as other fields that exist in the Company. The Company currently is evaluating existing wellbores in the Giddings Field for reentry possibilities that will enhance production and ultimate recoveries from these wellbores.


Contact Information

769 Highway 95N
Bastrop, TX 78602

tel: 512-772-2474
fax: 512-263-5046
http://www.southtexasoil.com

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Stock

Exchange: NASDAQ
Industry: Oil & Gas Drilling & Exploration
Market Cap: $82.5M




 
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