Ann: Drilling Underway at Austin's Forth Well, page-5

re: Ann: Drilling Underway at Austin's Fo... Drilling operations underway for 4th Mississippi oil well
· Austin spuds fourth oil well in Adams County, Mississippi
· Austin has achieved 100% economic and production success in Mississippi


“Once completed, the Mississippi #4 well can be immediately moved into production as the associated
production facilities are already in place. We are looking at an immediate boost to revenue,” Mr Goudy said.

Austin’s Chief Executive Officer Dr Mark Hart said it was an exciting start to the year for Austin Exploration.

“Drilling operations are now underway at four sites around the US with Mississippi #4, the Eagle Ford Shale in
Texas with operator Halcon Resources Corporation, and the Company’s low cost, high impact drilling program
in Kentucky. We are also happy to advise that preparations to drill the Company’s first Pierre Shale oil well in Colorado have begun,” Mr Hart said.