Ann: Strong gas flows continue on Marco Polo & Columbus, page-4

Settle down Demoniaco. Please read again. But this IS a potentially highly significant announcement!!! Might put the knockers to rest for a while too. The flow rate numbers will have a significant impact on the SP, eithyer way. Watch that space!!


Commenting on the strong gas flows, Austin’s Executive Chairman, Guy Goudy said: “We continue to experience very high pressures at the Marco Polo and Columbus wells in Colorado and while it is early days at the Pathfinder property, we are highly encouraged by the potential to deliver significant oil production and look forward to commencing flow testing as soon as possible. “The very high gas that continues to emanate from the Marco Polo and Columbus wells indicates the significant potential in this oilfield for oil discoveries and flow testing will commence when it is safe to do so. This is a very exciting time for the Company as we transition to development at Pathfinder and we are now well placed, with an experienced team in place, and a high value asset base to position Austin as potentially one of the lowest cost oil producers in North America in the near term.”