GAS FLOWS EXCEED ALL EXPECTATIONS AT THE COMPANY’S BIRCH #3 WELL...

GAS FLOWS EXCEED ALL EXPECTATIONS AT THE COMPANY’S BIRCH #3 WELL IN TEXAS
· Gas flows at a rate 800,000 MCF in first day of testing
· Flow testing of oil to begin over the weekend
· Company controls 93.5% of 5000 acre Birch prospect in Burleson County, Texas.
Austin Exploration (ASX:AKK) is very pleased to announce to its shareholders that large quantities of natural gas
are flowing from its Birch # 3 Schwartz/Galbreath well in Texas.
Observations during drilling caused the Company to estimate a high case of gas flows of 500,000 MCF. Today’s
result has significantly surpassed those expectations and, if confirmed this excellent result will significantly add
to the Company’s future projected cash flows.
This excellent result will afford the company the ability to serve a dual oil and gas market in Texas.
The Company is highly encouraged by the strong rates of gas that the well is producing as it prepares to begin
flow testing of oil over the weekend. The Company expects to be in a position to release these results to the
market towards the end of next week.
Media Contact
Martin Debelle, Citadel
+61 2 9290 3033
+61 409 911 189
[email protected].

Taken from the announcement

Would a company make a big deal if it was .8mmcf? Im so confused haha