Fremont Petroleum Corporation, Ltd., formerly Austin Exploration Limited, is an oil and gas explorer and producer. The principal activities of the Company are the accumulation and operation of mineral prospective areas and the exploration for oil and gas in the United States. The Company's segments include Australia, US Sub and US JV. The Company has working interests and net revenue interests in three proven United States oil and gas provinces: Colorado, Kentucky and Texas. The Company operates its Colorado and Kentucky projects. The Company's Pathfinder Project is located in Fremont County, Colorado and consists of approximately 15,773 acres property in the DJ Basin. The Pathfinder Project's primary hydrocarbon targets are Pierre Shale and Niobrara Shale Formations and secondary targets are Codell, Greenhorn, Grenaros and Dakota Formations. The Pathfinder property has produced over 15 million barrels of oil from the Pierre formation.