I thought this company said they were going to improve there comunication to the share holders at the AGM , well got off to a great start , an ann out of about 8 lines with no number s in oil increases & we'll let ya know how we going in another 100 days. Im out, be watching on the side lines for next year .these penny stocks are full of alot of BS not worth the risk got burnt by snn, an't seen nothing yet , there's nothing imminent about this stock . dont want too catch cootee's. migth be worth a risk in the teens , all the best holder. no loss so im happy .
Pathfinder #1 in Colorado and Birch #3 in Texas Further to the announcement released to the ASX on November 28, 2012 Austin Exploration advises that clean-up operations at both wells are continuing to flow back a mix of frac fluids and crude oil. The Company wishes to be clear that the oil flow numbers quoted were from the early stage in the flow-back of the drilling and fraccing fluids. Both wells are performing in a typical fashion for unconventional oil reservoirs and the Company is pleased that the oil to water cut is increasing on a daily trend. As such, these figures provide no indication of the final oil flows that should be expected from the wells. The clean-up process normally takes about 100 days and the Company expects to be in a position to announce initial production rates in the first quarter of 2013.
AKK Price at posting:
2.1¢ Sentiment: Sell Disclosure: Held