announcement, page-3

ASX ANNOUNCEMENT 25th March 2014

Birch Project success with Halcón Resources in East Texas

• First horizontal Eagle Ford well with Halcón Resources successfully drilled and
completed in East Texas


Austin Exploration (“Austin” or the “Company”) (ASX:AKK) today announced that the first horizontal Eagle Ford
well of a three well farm-out program with Halcón Resources, the Stifflemire #1H well, was successfully drilled
to a total measured depth (TMD) of approximately 17,000 feet with an 8,000 foot lateral. The well was
completed with a 30 stage frac, and is currently flowing back.
The operator, Halcón Resources, has requested that the initial production rate be kept confidential for the next
45 days.
VP and General Manager of Austin’s Southern Business Unit Aaron Goss, said: “Observing Halcón Resources
drill and complete this well certainly validates their reputation as one of the most technically sound operators
in the oil and gas industry. We look forward to a bright future in the Eagle Ford with Halcón Resources”.
Plans to drill Austin’s second well in the Eagle Ford with Halcón Resources are underway. Material updates on
the Birch Project will be communicated once they are available.
The Mississippi #4 well is currently being perfed into the identified 13.5 ft oil column and production testing is
expected to commence shortly. Results will be communicated when they come to hand.

Media Contact
Martin Debelle, Citadel
+61 2 9290 3033
+61 409 911 189
[email protected]