"The Board of Austin Exploration (“Austin” or “the Company”) (ASX:AKK) is pleased to announce further growth in the Kentucky business unit, with record production levels of 48 BOPD achieved in 2014. This increase in production continues to provide a low risk source of cash flow for the Company.
Austin Exploration’s Kentucky operation has achieved continual growth over the last three and a half years. The Kentucky operation started at 0.7 barrels of oil per day in 2011 and has grown it to a maximum of 48 barrels of oil per day this year. Importantly this has been achieved without any lost time safety accidents and no phase one environmental incidents."
AKK Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held