WORLD CLASS PEOPLE. WORLD CLASS ASSETS. April 2013 1
Key Assets Austin is a diversified Oil & Gas production and exploration company primed for self- sustaining growth Exploration Prospects Pathfinder Prospect Niobrara, Colorado (11,500 acres) Texas Birch Prospect Eagle Ford, Texas…
US Assets - Map Pathfinder Niobrara Project Sebree & WW Magnolia Park City Commencement Ellislie Bourke 4 Birch Eagle Ford Project Yolanda 4
Milestones Achieved Raised 23M for appraisal drilling Drilled 8 successful exploration wells Project 500 Squared achieved Cost savings of 1 million (double 500,000 savings target) Daily production of 547 BOE Record Oil & Gas…
Pathfinder Prospect Niobrara, Colorado 85% Working Interest in 11,500 acres General Manger: Ms Ola Akrad THE CANON CITY EMBAYMENT (DJ Basin) FLORENCE FIELD disc 1862 Pierre Shale 15.1 MMBO WET MTN THRUST PATHFINDER…
Pathfinder Prospect Niobrara, Colorado 85% Working Interest in 11,500 acres State-of-the-art engineering techniques driving success and value Austin Exploration is the first company ever to successfully drill through the highly…
Birch Prospect Eagle Ford, Texas 100% Working Interest in 5000 acres General Manger: Mr Aaron Goss Apache, Anadarko & Clayton Williams are drilling, producing & leasing in Burleson County surrounding Austins acreage
Birch Prospect Eagle Ford, Texas 100% Working Interest in 5000 acres Excellent initial results Birch 1 Krueger confirmed thickness of 270 ft section of the Eagle Ford formation which IP rate of 95BOEPD from a vertical well.…
Producing Wells Working Interest Net Revenue Interest State Well (%) (%) Colorado Niobrara 2 85 65.01 Yolanda 45 27.36 Texas Krueger B1 100 75 Schwartz-Galbreath B3 100 75 Commencement 50 37.50 Mississippi Ellislie 50 37.50…
New wells drilled over past 12 months 100% Success Colorado Niobrara 1 Vertical Currently evaluating which formation to produce Niobrara 2 Horizontal Currently producing oil and gas Texas Birch 1 Vertical Currently producing oil…
Current Average Daily Capacity State / Prospect Average daily capacity (oil/BOE) Colorado Pathfinder Hz No.1 (still inconsistent/erratic) 403 (211 BO + 192 BOE) Texas Yolanda 15 B1 (Birch prospect) 10 (BOE) B3 Work-over rig…
Schedule Next 12 months 1. Complete exploration program to retain acreage by drilling B4 and N3 2. Complete appraisal program by drilling horizontal well in Eagle Ford 3. Connect Niobrara and Eagle Ford to gas mains 4. Certify…
Austin Exploration Long Term Potential Develop our 20,000 acres across five proven hydrocarbon basins in the US Drill nearly 200 wells over time Each well estimated to have a daily average flow rate in their initial year of production…
Corporate Snapshot Corporate Statistics Shares On Issue (ASX : AKK) 1.5b Market Capitalisation .021 32m AKK 12 Month Historical Price Performance Total Options (ASX:AKKOA Exp 07/13) 1.0b Cash 3m Debt Nil Enterprise Value EV 29m…
Investment Rationale/Highlights Major working interests and net revenue interests in five key oil and gas provinces in the United States and Australia, including 2 of the most prolific oil and gas regions of US Experienced board and…
Experienced Board of Directors Mr. Richard Cottee, Chairman of the Board Mr. Cottee is the former CEO of the one of Australias most successful oil and gas industry growth stories Queensland Gas Corporation, and Mr. Cottee was CEO of…
Corporate Information Austin Exploration Limited Auditor Level 1, 160 Queen St. Grant Thornton Melbourne, VIC, 3000 Level 2, 215 Spring Street Australia Melbourne, VIC 3000 (614) 1903 5297 Phone (03) 8663 - 6000 (618) 8339 7909 Fax…
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