0202 GMT [Dow Jones] Austin Exploration (AKK.AU) soars 62% to 34 cents after announcing oil and gas find in Kentucky. Heavy crude oil and gas has naturally flowed to the surface at a well in the Park City field, which Austin Managing Director David Schuette says confirms its commercial viability. "The natural flow of oil to the surface is highly encouraging and one heck of a start for this project," he says. Big advantage is that the field can be easily plugged into nearby infrastructure, delivering the gas into pipelines and oil to a nearby refinery. Austin planning to drill more than 40 wells in the region this year; further success would provide more support for the oil and gas junior. (APW)