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Austin Exploration Ltd (AKK.AX)

AKK.AX on Australia Stock Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Austin Exploration undertakes A$3.2 mln capital raising
Thursday, 8 Dec 2016 08:31pm EST 

Austin Exploration Ltd : Is undertaking aud$3.2 million capital raising at $0.006 per share to fund acquisition . Austin will remain debt free post acquisition . Company has entered into an agreement with incremental oil and gas . Florence oilfield being acquired from incremental oil and gas for us$2 million .AKK expands asset base in colorado with acquisition of adjac,iog-akk.ax.  Full Article

Austin Exploration undertakes A$3.2 mln capital raising
Thursday, 8 Dec 2016 06:22pm EST 

Austin Exploration Ltd : Is undertaking aud$3.2 million capital raising at $0.006 per share to fund acquisition . Austin will remain debt free post acquisition . Company has entered into an agreement with incremental oil and gas . Florence oilfield being acquired from incremental oil and gas for us$2 million .AKK expands asset base in colorado with acquisition of adjac,iog-akk.ax.  Full Article

Austin Exploration says non-executive VC Mark Hart to retire
Friday, 30 Sep 2016 04:07am EDT 

Austin Exploration Ltd :Announces retirement of Mark Hart, currently servicing as Austin's non-executive vice-chairman.  Full Article

Austin Exploration promotes Tim Hart From COO to CEO and managing director
Tuesday, 21 Jun 2016 06:52pm EDT 

Austin Exploration Ltd : Appointment of executive chairman & CEO & managing director . Says appointment of Guy Goudy as executive chairman .Announces promotion of Tim Hart From COO to chief executive officer and managing director.  Full Article

Austin Exploration raises A$1.7 mln to fast track drilling programs
Thursday, 9 Jun 2016 09:37pm EDT 

Austin Exploration Ltd : Akk raises $1.7M to fast track high impact drilling program . Production success will have a material impact on revenues and bankable in- ground reserves . Capital raised from placement will be allocated to drilling two exploration targets .  Full Article

Austin Exploration says to divest of non-core assets in Texas and Mississippi
Sunday, 31 Jan 2016 08:24pm EST 

Austin Exploration:Says to divest of non-core assets in Texas and Mississippi.Company agrees to the sale of birch property in Texas in all cash deal for A$1.5 million.Proceeds from sales will also significantly reduce debt profile - Austin well placed to leverage low cost advantage.Company can drill and complete a pierre well for approximately US$500K.  Full Article

Austin Exploration Ltd enters into drilling rental agreement
Sunday, 8 Nov 2015 07:22pm EST 

Austin Exploration Ltd:Austin enters into strategic drilling rental agreement.Says agreement significantly reduces ongoing development costs.It has entered in to a strategic rental agreement with math energy drilling llc.Under the agreement Austin maintains 100% of the oil and gas revenue from the pierre formation in the case of an oil discovery.  Full Article

Austin Exploration updates on sale of Texas Birch property
Sunday, 30 Aug 2015 07:04pm EDT 

Austin Exploration Ltd:Says directors have further decided to leave the property on the market.Says does not believe it is in the shareholder's best interest to sell the property at time of very low oil prices.Due to falling oil prices, Austin's board of directors have decided not to accept these offers.  Full Article

Austin Exploration Ltd secures $1.5 million reserves based loan
Monday, 27 Apr 2015 09:14pm EDT 

Austin Exploration Ltd:Says has secured a $1.5 million, low-interest rate loan with ANB Bank (ANB) to advance the company's drilling program in North America during 2015.Interest only payments are due monthly and the line is securitized against the company's assets.This type of loan is a first for Austin and a significant development that enables the company to continue its growth in a non-dilutive manner.Says these funds will be allocated to drilling low risk, low cost conventional wells. Austin is in strong position of having conventional prospects in Colorado, Kentucky and Mississippi that remain economical, due to lower drilling costs, in this low oil price environment.  Full Article

Austin Exploration Ltd announces ownership interest of Lanstead Capital L.P.
Sunday, 5 Apr 2015 06:30pm EDT 

Austin Exploration Ltd:Says Lanstead Capital L.P. holds 56,381,471 person's votes which represents 16.9513 pct of the voting power of the company.  Full Article

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