AKK 0.00% 0.3¢ austin exploration limited

Ann: Strong operational progress made at Pathfinder Project, page-2

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    "• Three Pierre wells drilled in late 2016 continue to demonstrate high volumes of oil & gas • High gas pressures are highly encouraging and potentially an early indication that oil reserves remain in virgin territory • Weatherford analysis confirms the Pierre formation is predominately an oil producing formation • Austin’s Niobrara well back in production and will provide near term boost to cash flows • Major reduction of oil haulage costs secured for Pathfinder Project • Significant operational and corporate news flow is pending
 
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