"2. Not reporting status on 2nd & 3rd wells - why?"
Announcement 1/12/16
"Austin Exploration Limited (ASX: AKK) (“Austin” or “the Company”) is pleased to announce that its recently drilled Marco Polo #1 and Columbus #1 wells continue to produce high volumes of gas. The Company is preparing to commence flow testing these wells for oil production when the gas has been flared sufficiently to bleed off the high pressures."
Quarterly activities report
"The second and third wells, the Marco Polo # 1 and the Columbus # 1, have both intersected significant pockets of gas, and Austin’s engineers are currently flaring the gas to bleed off the high gas pressures."
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AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Held
