Company Overview and News

 
Austin Exploration to provide asset valuation

2017-05-04 proactiveinvestors.com.au
Austin Exploration (ASX:AKK) has been granted a trading halt by the ASX, pending details on the valuation of the newly acquired exploration tenements.

 
Austin Exploration makes progress at oil and gas project in Colorado

2017-03-27 proactiveinvestors.com.au
Austin Exploration (ASX:AKK) has achieved solid operational progress in identifying oil and gas at its 15,773-acre Pathfinder project in Colorado, U.S.

 
Austin Exploration to update on raising

2017-02-20 proactiveinvestors.com.au
Austin Exploration (ASX:AKK) has been granted a trading halt by the ASX, pending details on the Priority Offer Shortfall Placement.

 
Austin Exploration unveils maiden oil and gas reserve at Pathfinder

2017-02-09 proactiveinvestors.com.au
Austin Exploration (ASX:AKK) has reported the maiden resource estimate for its Pathfinder property in Colorado of 30+ million barrels of oil and 187.4 billion cubic feet of gas at a 90% probability.

 
Austin Exploration has an acquisition on the table

2016-12-06 proactiveinvestors.com.au
The ASX has granted Austin a trading halt to prepare, with its shares placed in pre-open.

 
Austin Exploration starts production from oil well in Colorado

2016-11-07 proactiveinvestors.com.au
The well is recording an initial production rate of 98 barrels of oil a day. Additionally, encouraging gas flows are occurring which adds the potential for economic gas. This oil discovery confirms Pathfinder as a material and productive extension of the Florence Oil Field. The Florence field has produced more than 15 million barrels of oil and lies directly adjacent to Austin’s Pathfinder property.

 
Austin Exploration to reveal flow rates

2016-11-03 proactiveinvestors.com.au
Austin requested the halt pending details regarding flow rates from the Magellan #1 well, located at the Pathfinder property in Colorado, U.S.

 
Austin Exploration is Wednesday's ASX Most Traded with 82 million

2016-10-26 proactiveinvestors.com.au
Austin Exploration Ltd (ASX:AKK) is an oil and gas development company with assets in Australia and the United States.

 
Austin Exploration Ltd to make material placement

2016-09-21 proactiveinvestors.com.au
Austin Exploration Ltd (ASX:AKK) is preparing capital raising plans in the form of a material placement, and the ASX has granted the company a trading halt to prepare. The halt will remain in place until the opening of trade on Monday 26th September 2016, or earlier if an announcement is made to the market.

 
Austin Exploration Ltd seeks oil riches from the Pierre formation in Colorado

2016-08-31 proactiveinvestors.com.au
Austin Exploration Ltd (ASX:AKK) is an oil and gas development company with assets in Australia and the United States.

 
Austin Exploration commences second phase of drillong on Marco Polo #1 well

2016-08-11 oilvoice
The Board and Management of Austin Exploration Limited (ASX: AKK) are pleased to announce that the Math Energy Drill rig has been successfully mobilised to the Marco Polo well site and the second phase of drilling on the Marco Polo #1 well has commenced. The second phase of drilling involves drilling a deviated well bore that has been designed by Austin's engineers to intersect multiple fracture networks and to maximise the oil pay-zone thickness of the reservoir.

 
Austin Exploration caps Magellan #1 well

2016-08-02 energyglobal
The Board and Management of Austin Exploration Limited have announced that the Company’s Magellan #1 well has now been successfully drilled and perforated production casing has been run in the Pierre formation in preparation for flow testing.

 
Austin raises AUS$1.7 million to fast track high impact drilling programme

2016-06-10 energyglobal
The Board of Austin Exploration has announced that it has resolved to complete a two-tranche Placement of its securities to raise AUS$1.7million to fast track its drilling programme at the company’s 100% owned 15 282 acre Pathfinder project in Colorado. This injection of capital follow’s the companies recent success where drilling intersected a 790 ft column of oil in the Pierre formation. Significantly, this proved this presence of oil in the Pierre formation to the west of the Florence field which has produced more than 15 million bbls.

 
Austin Exploration Ltd is Friday's ASX Most Traded with 177 million

2016-05-27 proactiveinvestors.com.au
Austin Exploration Ltd (ASX:AKK) is an oil and gas development company with assets in Australia and the United States.

 
Austin strikes oil in Colorado

2016-05-26 energyglobal
The Board and Management of Austin Exploration Limited (ASX:AKK) (The Company) have announced that drilling has intersected a significant 790 ft column of oil in the Pierre formation at the Company’s flagship Pathfinder project in Colorado. This was evidenced through both the drill cuttings and on the drill string which, when returned to surface, was saturated and dripping in crude oil.

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