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0.3¢ austin exploration limited

Ann: Reserve & Resource Review Commences, page-4

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sharks37

8,720 Posts.

81

02/12/16

11:23

Post #: 21055901
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Originally posted by gassed ↑

This would certainly be a precursor to AKK's decisions for the foreseeable future and also, possibly, taking into consideration the matters raised between myself and Colquhoun this morning.
And for the sceptics and knockers, this was stated by a totally independent and technically recognized person in the Vice President of Gustavson, NOT by a member of AKK's management.
"Mrs. Letha C. Lencioni Vice-President, Petroleum Engineering at Gustavson commented that” We are pleased to be working with Austin on an oil and gas reserves and resources study over the Pierre formation in such an historic oil producing region in Florence Colorado. Austin’s recent oil and gas discoveries to the West of the established Florence Field oil production support an extension of an active petroleum system into the Pathfinder property. The presence of strong initial gas flows following drilling supports original oil reserves remaining in place and justification for field development”

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gassed, they're not "totally independent" if they're being paid by Austin.

Its part of the development process and will be a basis for project justification & funding, but no need to make it out to be something its not.

Cheers, Sharks.

AKK Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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