AKK 0.00% 0.3¢ austin exploration limited

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  1. 2,916 Posts.
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    IM also in and from recent ann it could be a multi bagger also it did a 10:1 consolidation of its shares so there is now only 433 million shares on offer so at .005 if they have success then bang the price will explode , good luck holders

    Drilling Operations Underway in Colorado 
    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.

    The property, consisting of 15,282 acres lying directly over the DJ Basin (one of North America’s most prolific oil and gas producing basins), is large enough to accommodate more than 350 wells in the Pierre formation

    The C18#2 well is targeting the oil rich Pierre Shale formation following an extensive high definition geophysical 3D seismic survey undertaken by Austin in section 18 of its highly prospective Pathfinder project. This state-ofthe-art seismic program has identified several high grade targets for potential oil production in this section.
 
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Currently unlisted public company.

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