Ann: Austin Exploration Investor Presentation , page-13

Hi SL, great to be back, its me the seller that bailed.

So I got the Capital raising wrong.

Still holding still happy, Hahaha.

But just wondering if everyone is looking through rose coloured glasses, and hoping for a lot before the end of the year?

Now don't get upset again, Top 20 holder, but in the latest presentation, the reference that a few have made about 600> BOPD is what they expect from a Horizontal into the Eagleford shale structure not the Austin Chalk which is what we have completed. This is being flow tested, and we will know the flow rate when announced hopefully in a few days, as per your post.

As to the future drilling programme:

1. Q4/12 4000ft Niobrara Horizontal (this is Niobrara #2 and has already been drilled)now a waiting fraacing and completion, flow rates hopefully by the end of November for AGM.

2. Q4/12 Birch #1 Kruger (already drilled) to be fraced and completed as a vertical. we already know the flow rate but this may increase once fracced

3. Q4/12 Birch 3 (already drilled)awaiting flow rates, and completion as a producer. Even just the gas is about $2,500 per day. But only news will be the flow rate.

There is no mention of Niobrara #1 which is meant to be completed as a Horizontal immediately after Niobrara # 2, is this still being drilled?

there is no real drilling happening between now and the end of the year, most will be early next year.

Just my opinion