Ann: Austin strikes Oil in Colorado-AKK.AX, page-376

As announced, all im concerned is what is said, buyers loading up, looking good

Drilling intersects 790ft column of crude oil
• Testing of the well to begin imminently
• Production facilities have been ordered
• Early signs at newly named Magellan #1 Well promising

This was evidenced through both the drill cuttings and on the drill string which, when returned to surface, was saturated and dripping in crude oil.

The Board and Management of Austin Exploration Limited (ASX:AKK) (The Company) are very pleased to announce that drilling has intersected a significant 790ft column of oil in the Pierre formation at the Company’s flagship Pathfinder project in Colorado. This was evidenced through both the drill cuttings and on the drill string which, when returned to surface, was saturated and dripping in crude oil.