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Last A$0.03 AUD
Change Today 0.00 / 0.00%
Volume 0.0
AKK On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
OTC US
As of 11:41 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

austin exploration ltd (AKK) Snapshot

Open
A$0.03
Previous Close
A$0.03
Day High
A$0.03
Day Low
A$0.02
52 Week High
08/25/14 - A$0.26
52 Week Low
03/20/15 - A$0.02
Market Cap
8.3M
Average Volume 10 Days
1.3M
EPS TTM
A$-0.09
Shares Outstanding
332.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AUSTIN EXPLORATION LTD (AKK)

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austin exploration ltd (AKK) Details

Austin Exploration Limited engages in the accumulation and operation of mineral prospective areas; and exploration, development, and production of oil and gas assets in the United States. It controls approximately 11,000 acres in the Niobrara Shale in Colorado; and approximately 5,000 acres in Texas in the Eagle Ford Shale and the Austin Chalk. The company has oil and gas wells in Colorado, Texas, Mississippi, and Kentucky. Austin Exploration Limited was founded in 2006 and is headquartered in Lakewood, Colorado.

Founded in 2006

austin exploration ltd (AKK) Top Compensated Officers

Chief Executive Officer, President, Managing ...
Total Annual Compensation: A$371.6K
Chief Financial Officer
Total Annual Compensation: A$202.7K
Chief Operating Officer, Chief Commercial Off...
Total Annual Compensation: A$348.9K
Company Secretary
Total Annual Compensation: A$40.0K
Compensation as of Fiscal Year 2014.

austin exploration ltd (AKK) Key Developments

Austin Exploration Forms Joint Venture with Pierre Energy

Austin Exploration Ltd. has formed a joint venture with Pierre Energy Partners to develop its Pierre Shale prospects at the company's 100pc controlled 11,560-acre oil and gas property in Fremont County, Colorado, US. Austin and Pierre Energy have agreed to terms for two Pierre wells to be drilled back-to-back in April and May. Pierre Energy will carry Austin on the drilling costs to earn 50pc of the oil production from C18#3 and C18#4 exploration wells. Austin will pay for the completion costs of the wells in the event of a discovery. In connection with the development of the Pathfinder Pierre Prospect, Denver-based Craig Energy has been engaged to provide drilling services to the joint venture.

Austin Exploration Limited Announces Executive Changes

Austin Exploration announced it will add two new non-executive directors, based in Sydney Australia, Mr. Philip McCarthy and Mr. Stuart J. Middleton, effective 15 April 2015. Richard Cottee has notified the board that he wishes to retire from the board following his 60th birthday. He has tendered his resignation effective 21 April 2015 which the board has accepted. Dr. Mark Hart will resume the duties of Chairman and Managing Director. Guy Goudy will continue as an Executive Director and COO/CCO of the company. Mr. Hart and Mr. Goudy reside in the US and Dominic Pellicano, non-executive director, Mr. Phil McCarthy, non-executive director, and Stuart Middleton, non-executive director, all reside in Australia. Mr. Phil McCarthy has had an outstanding career in the energy business and has excellent commercial credentials. Mr. McCarthy is a professional CEO in the mining industry and completes advisory work in a variety of industrial companies. His demonstrated experience will provide valuable input to corporate strategy and advice on a range of board considerations including allocation of company resources to drive growth, shareholder returns and value. Mr. McCarthy is currently the Chairman of Mine Site Technologies Pty Ltd. and he is also a Non-Executive Director of Custom Fluidpower Pty Ltd. Mr. Stuart Middleton will join the Austin Exploration board of directors as a non-executive director based in Sydney. Stuart has recently returned to Australia from a 10 year assignment in China where he lived and was the Group Executive for TDS, Banpu Plc, Asian Energy Company with assignments in China, Mongolia, Indonesia, Australia and Thailand living in the Henan and Shanxi provinces of the Peoples' Republic of China.

Austin Exploration Limited Announces Consolidated Earnings Results for the Six Months Ended December 31, 2014

Austin Exploration Limited announced consolidated earnings results for the six months ended December 31, 2014. For the period, the company reported revenues of AUD 1,299,903 against AUD 749,858 a year ago. Loss before income tax expense was AUD 20,785,100 against profit before income tax expense of AUD 541,212,000 a year ago. Loss from continuing operations was AUD 20,785,100 against profit from continuing operations of AUD 541,212,000 a year ago. Loss for the period was AUD 20,785,100 against profit of AUD 541,212 a year ago. Diluted loss per share was AUD 0.0761 against diluted earnings per share of AUD 0.0003 a year ago. Net cash used in operating activities was AUD 653,553 against AUD 953,188 a year ago. Payments for fixed assets were AUD 1,805 against AUD 42,534 a year ago. Payments for exploration expenditure were AUD 2,844,720 against AUD 896,846 a year ago. Payments for development expenditure were AUD 142,105 against AUD 6,009 a year ago.

 

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