I would say AKK has strong possibilities, especially short term....

I would say AKK has strong possibilities, especially short term. Main focus Oil, and light Crude made a break out on Friday nights trading.



- PEL105 (Cooper basin Australia) Initial well prospect to begin drilling early June. P10 reserves of 23 million B/O, P50 reserves of 2 million B/O. Estimated recovery from initial well is 1M B/O with nearly 60% occurring during first four years. With success, five additional wells
may be drilled on the license.

- Armstrong (Natchez, Mississippi) - Three well drilling program to commence near March 1, 2010. Single well production forecast of 3,000 B/O per month thus generating a cumulative forecast of 9,000 B/O per month. All three wells planned for completion in CY2010. Estimated recoverable reserves of 216,000 B/O.

- Sebree (Northwest Kentucky) - Shallow well oil production. This property is holding an estimated 132,000 barrels of recoverable reserves. Two wells have been completed and three others are on plan for completion through April. The first two wells produced first oil sales in late December and January. Three more wells are scheduled for completion by end of April. Total estimated monthly production from all wells is 1,500 2,500 B/O.

- Park City (Southwest Kentucky) - Oil and gas development / production. This property is holding 879,110 Mcf of probable gas reserves and 290,180 barrels of proven oil reserves. Austin is currently awaiting a resolution to the ongoing litigation between several Atmos Energy
companies and a group of mineral owners in the area. The nearby Atmos Gathering infrastructure and processing plant are fully operation and have been for several months. Upon
settlement of the third party litigation issues the plant will reopen.

Armstrong Project, the Ellislie Plantation #1 well is now being headed into production ann expected very soon