Corporate Philosophy

Austin Developments Corp. is committed to building an oil and gas company with a production base of 3,000 boe/d in the near term. This goal will be achieved through:

• Acquiring strategic assets that demonstrate the potential to at least double in production through low-risk exploitation or re-completions.
• Farming-in on attractive drill projects that generate near-term revenue.
• Posting land and drilling internally-generated projects.

Corporate Strategy

A consolidation trend continues in the oil and gas industry, and the number of intermediate companies continues to dwindle as acquirers bid to control their assets. In many cases these acquiring companies divest non-core assets, which still represent lucrative opportunities for small enterprising companies. The profitable operation of these assets is the core business of Austin.

The key to the company's corporate mandate is to conduct business as a low-cost operator by benefiting from hands-on management, while outsourcing most exploration and development expenditures. The company is also committed to maintaining minimum infrastructure. The company's method of operation adheres to the following principles:

• Maintaining focus on specific strategic geographic areas and developing exploitation and exploration strategies


• Using leading-edge technology to evaluate, develop, and operate its properties


• Retaining hands-on management of operations when feasible


• Outsourcing services where possible

Our Directors & Management

• Declan Sweeney, CEO and Director
  
  Mr. Declan Sweeney, CEO and Director of Austin Developments Corp., has an extensive background in business that includes over twelve years of experience in the management of private and publicly-traded companies. He has spent the last six years in the venture capital market dealing with business planning and development. Mr. Sweeney served as Austin's Chief Financial Officer from 2006 before becoming president in 2009. Mr. Sweeney's is also one of the founding directors and Chief Executive Officer of Universal Wing Geophysics Corp which specializes in providing airborne data collection using unmanned airborne systems. This company was acquired by Austin in 2004 as a unique tool for Oil and Gas exploration. Mr.Sweeney also serves on the board of UVS Canada, a national non-profit association representing public and private innovation in unmanned vehicle systems in Canada.

• Kevin Kivi, P.Geo., joined Austin as an independent director in February, 2005. Kevin has a strong background in geology, with over 20 years experience working with companies such as Kennecott Canada Exploration Inc., Rio Algom Exploration BP Exploration and Selco. Some of Kevin’s more notable achievements were his involvement with the Diavik diamond mine discovery, and establishing Kennecott’s diamond laboratory in Thunder Bay, Ontario.

• Binny Jassal brings over 15 years of accounting and management experience to the Company. Mr. Jassal obtained a CGA designation from British Columbia, ACCA designation from U.K., B. Com. from India, and accounting certificate from Ryerson University Toronto. Previously, Mr. Jassal has worked in various accounting positions (including public companies) within the manufacturing, IT and telecommunication sectors. Mr. Jassal joined the Company in May 2006 and has been an important member of the team working on the financial and corporate side of the operations.
• Michael Davies has more than 25 years of direct experience working in the mining industry. In that time he has developed respected relationships with more than 50 mining and exploration companies, and has earned a reputation as a highly-skilled Geographical Information Systems Manager. Mr. Davies is currently President of Moonraker Multimedia Inc. - a company that provides GIS project management, promotional graphics and video production, communications and social media consulting services. Mr. Davies oversees a variety of projects for junior, mid-cap and large cap mining companies including the creation of industry presentations, sophisticated map imaging, underground modeling and database management.