Austin Exploration Limited reported that a fourth well within the Company's newly acquired Park City project has been spudded and drilling is underway. This well follows a tradition of being named after the land owner; this well is the George Houchin 2A.
The Company would also like to inform our shareholders that Austin is now providing a new web based information service that includes weekly updates on the project area.
George Houchin 2A represents the fourth well drilled in this field and is part of the planned completion of 44 production wells this year with the opportunity to drill more than 200 wells at Park City by the end of 2011.
Austin is earning an undivided 75% Working Interest and 56.25% Net Revenue Interest for every well drilled in Park City.
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