Fremont Petroleum Corporation Ltd

Austin Exploration Limited (ASX:AKK) - on behalf its wholly owned US subsidiary Aus-Tex Exploration Inc- is pleased to advise that drilling will commence this week of the much-anticipated first well on the Company's ~5,000 acre (93.5% working interest) Eagle Ford Shale Project, Burelson County, Texas, USA.

Austin Exploration Limited (ASX:AKK) is pleased to inform shareholders that preparations are underway for the start of the oil drilling program on the highly-prospective Cooper Basin PEL 105 licence area in South Australia.

Austin Exploration Limited (ASX:AKK) - on behalf its wholly owned US subsidiary Aus-Tex Exploration Inc- is pleased to provide another positive update on its ~5,000 acre (93.5% working interest) Eagle Ford Shale Project, Burelson County, Texas, USA.

Austin Exploration Limited (ASX:AKK) is pleased to provide an update on its ~5,000 acre (93.5% working interest) Eagle Ford Shale Project, Burelson County, Texas, USA.

Austin Exploration Limited (ASX:AKK), on behalf of its wholly owned US subsidiary Aus-Tex Exploration Inc ("Aus-Tex"), is pleased to announce receipt of the Independent Expert Report ("IER") over the Company's recently acquired Niobrara Shale acreage in Fremont County and Custer County, Colorado USA. Austin holds an 85% Working Interest and a 65% Net Revenue Interest in its 11,000 acres of Niobrara acreage.

Austin Exploration Limited (ASX:AKK) is pleased to announce that settlement of its two North American Oil and Gas Shale assets has successfully been completed, with a fully funded multi-well drill program due to commence mid next month.

Austin Exploration Limited (ASX:AKK) is pleased to announce that it has sold its option to farm-in for up to a 4% working interest on exploration licenses in the Republic of the Seychelles to WHL Energy Limited (ASX:WHN).

Austin Exploration Limited (ASX:AKK), on behalf its wholly owned US subsidiary Aus-Tex Exploration Inc, is pleased to announce that having acquired 3,097 of highly prospective Eagle Ford acreage, with 5,000 acres to be acquired by the end of July, Austin has fast-tracked its 3 well drilling programme, with drilling preparations to commence immediately.

Austin Exploration Limited (ASX:AKK) advises that its wholly-owned US subsidiary, Aus-Tex Exploration Inc, has agreed to terms with Newmont (NYSE:NEM), Cimarex (NYSE:XEC) and Prize Energy to acquire 10,486 acres of mineral rights (no depth limitations) in the Denver Julesburg (DJ) Basin in Colorado USA.

Asian Activities Report for May 13, 2011 includes: Lithex Resources (ASX:LTX) has completed tenement acquisition and is to float on ASX on May 17; Austin Exploration Limited (ASX:AKK) has signed an agreement to purchase a further substantial oil and gas shale project in the USA; Gippsland Limited (ASX:GIP) has entered into various transactions in relation to the establishment of a spin-out company; Range Resources Limited (ASX:RRS) announced the signing of a letter of intent with a drilling subcontractor for Puntland exploration well.