Pathfinder drilling operations commence
C18#2 well targeting the oil rich Pierre Shale formation following extensive 3D
seismic survey
strike would be a ‘game changer’ for Austin
Company anticipates completing well for ~US
$500K, drilling results in late May
A commercial discovery will be significant for Austin and would solidify the
Company as being one of the lowest cost oil producers in the market that can
be profitable in times of depressed oil prices.