The Adelaide-based junior said the third well, Aus-Tex PC3, produced up to 320,000 cubic feet of gas per day on test. However, this rate is expected to triple to 960,000cfd following an acid treatment.
The previous well, Aus-Tex PC2 (formerly Malcom & Melvin Doyle-2A) naturally flowed oil and gas to surface, while the AusTex PC1 (formerly Arthur Wilkerson-2A) flowed up to 265,000cfd on test.
Once again, acid stimulation is expected to increase this rate to 795,000cfd, Austin said.
The company has permission to drill a further five wells at the project, but expects that up to 44 producing wells will be completed by the end of calendar 2008.
By the end of 2011, it predicts a further 200 wells would have been drilled.
Park City is one of Kentucky's newest commercial gas fields and the processing and gas distribution opportunities have attracted some major United States energy corporations.
Austin has other projects in the US, as well as gas and oil exploration projects in South Australia's Cooper Basin.
