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AUNXY: 1-10 R/S. Holders are required on a mandatory basis to surrender their DR(s) for cancellation and exchange their old DRs for new DRs. Only whole DSs will be distributed. The existing ratio of one (1) Depositary Share representing one-hundred (100) Ordinary Shares will remain the same
Austin Exploration is an Oil and Gas Company with both producing and exploration assets in Australia and the United States. With a recently strengthened Board and Management team, that combined brings more than 100 years of note-worthy Oil and Gas experience, the company in 2011 has strategicallyshifted itscorefocus towards non –conventional shale exploration in the United Sates. The Company has now established a major presence in two of Americas most prolificoiland gasbasins.Austin controls more than 11,000 acres in Colorado in the Niobrara Shale and over 5000 acres in Texasin theEagleFord Shale. Austin has producing Oil and Gas wells in Texas, Mississippi and Kentucky and through its wholly owned US Subsidiary, Aus-Tex Exploration Inc, turned cash flow positive in January 2011. Austin is listed on theAustralian Securities Exchange (ASX code: AKK)