EXPLORATION

Austin outlines Pathfinder scale

AUSTIN Exploration says its Pathfinder project in Colorado, successfully drilled last year, contains a potential 30 million barrels of recoverable oil and some 190 billion cubic feet of gas (P90), twice the amount extracted from the historic Florence field to date.

Pathfinder drillstring.

Pathfinder drillstring.

Initially, the reserves associated with Austin's property are just 1.14MMbbl and 451 million cubic feet of gas associated with just 1800 acres around the four wells drilled so far.   With a valuation...

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