Austin Developments Corp. Company News

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Austin: Potential Gas Discovery at Morgan Highpoint's John Bowen Well #2
The Morgan Highpoint "John Bowen' No. 2 logs confirm that there is a potential gas zone at 8,275 feet in the Rome formation that has approximately 17 feet of interpreted net pay.
8:00 PM EST | May 05, 2008
Blackrock Enters Farmout and Participation Agreement
After encountering hydrocarbons below the intermediate casing in the Morgan Highpoint #3 test well, as a precautionary measure, Montello, the operator, has secured the well and suspended operations.
8:00 PM EST | March 16, 2008
Park Place & Partners Spud Morgan Highpoint # 4 Well in Tennessee
The Morgan Highpoint # 4 Test Well, located in Morgan County, Tennessee is strategically located approximately half a mile south of the suspended Morgan Highpoint # 3 Test Well.
8:00 PM EST | March 10, 2008
Montello Suspends Drilling Operations After Encountering Hydrocarbons
The Morgan Highpoint # 3 Test Well, located in Morgan County, Tennessee is strategically located approximately one mile west of the John Bowen # 1 & # 2 Wells and one mile north-west of the Howard White # 1 Well.
8:00 PM EST | March 09, 2008
Austin and Pennant Abondon Kaybob S No. 1 Well
Austin Developments and Pennant Energy decide to abandon Kaybob S No. 1 well after reviewing the geophysical logs and multiple zones were tested proved no commercial quantities.
8:00 PM EST | August 20, 2007
Austin Developments Acquires Prospect in Gabon
Austin Developments Corp. has acquired an indirect 18% interest after payout in a production sharing agreement granted by the Gabon Ministry of Mines for the Nkani G4-222 Property.
8:00 PM EST | October 11, 2006
Austin Developments Signs Letter of Intent with Montello Resources
Austin Developments Corp. ("Austin") reported that it has signed a Letter of Intent (LOI) with Montello Resources Ltd. ("Montello") that grants Austin the first right of refusal to participate in Montello's Oil and Gas interests in Tennessee.
8:00 PM EST | August 17, 2006