EXPLORATION

Austin enters renowned Illinois Basin

AUSTIN Exploration has joined forces with Vancouver-based KOS Energy to develop an oil-producing project in the prolific Illinois Basin, western Kentucky.

Marija Stojkovic

The companies will focus on initially developing five wells on a lease that produced 472,600 barrels of oil from the Tar Springs formation between 1956 and 1977. Austin said the five wells are scheduled...

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