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International Energy Corporation is the operating U.S. based exploration and production company and a subsidiary of AusTex Oil Limited, a publicly owned company with its shares trading on the Australian Stock Exchange (ASX:AOK). IEC’s focus is to acquire producing assets where the existing wells can be reworked with ample acreage for infield drilling as well as acquire and develop new drilling prospects. The company is confident that this plan of operation combines low risk for base of income stream with the reward of high returns on its drilling programs.
  • Focused on Mid- Continent USA Production
  • ~32,000 acres of oil and gas leases in Kansas and Oklahoma
  • First Gas sales line in Oklahoma completed April 2009
  • 7.4 mmboe 2P reserves as at 31 March 2009
International also has a subsidiary company, Well Enhancement Services of Oklahoma, which operates a specialized patented coiled tubing unit to mill out of the casing and jet laterals up to 300 feet in multiple directions to increase hydrocarbon flow to the wellbore. This technique is used on the company’s wells and also offered as a service to other operators within the state of Oklahoma. To better view this technique; visit our Technology section.