Ann: Seismic Program Underway in Colorado, page-2

Austin Exploration (“Austin” or “the Company”) (ASX:AKK) today announced that exploratory well, C18 #3, has
been successfully drilled to vertical depth through the Pierre formation, and logs are currently under evaluation.
A seismic exploration program is underway at Pathfinder to provide 3D Zig-Zag high resolution seismic data to
optimise the targeting of future wells.
The program includes 3D seismic shooting, processing, and interpretation, and will determine the direction of the
deviation. Nine additional locations are being identified and will be correlated with geophysical, geochemistry, 2D
seismic and 3D Zig-Zag high resolution seismic data for maximum reward to risk ratio.
Austin Exploration CEO, Dr. Wm. Mark Hart, said: “Austin’s new Pierre formation drilling partner, Craig Drilling,
performed at exceptional standards with no drilling or safety problems.”
Austin’s Chief Geologist, Onur Conger said: “2D Seismic and surface geochemistry work on our Pathfinder flagship
acreage has provided a great deal of information. We are now strengthening our knowledge base and
information data set with the latest 3D Seismic Wave technology. The addition of this significant 3D Seismic ZigZag Wave Technology data, should provide Austin with an even greater capacity to unlock the potential of our
flagship acreage.
“3D Seismic work is being conducted with 703 receivers and 558 station sources respectively, in ground which is
connected with 103 cables each measuring approximately 1,000’ in length for over 100,000 feet of cables. The
recording feedback is established with state-of-the-art vibe trucks, each with a staggering 60,000 pounds of force
capacity. Vibe trucks generate 8 non-linear sweeps at a sweep frequency of approximately 120 Hz. Each sweep
sends signals (sweeping) for 16 seconds and records each for 4 seconds. This is completed for each of the 558
source station locations. The obtained resulting data is recorded with the latest technology system ARIES ARAM,
version 2.64, at the field locations at a rate of 2ms. These parameters provide us enhanced confidence and assure
the quality of the data to unlock the potential in our Pathfinder acreage.”