Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » AUCAF....what a wild chart...

 - UBBFriend: Email this page to someone!    
Author Topic: AUCAF....what a wild chart...
yes
New Member


Member Rated:
5
Icon 1 posted      Profile for yes     Send New Private Message       Edit/Delete Post   Reply With Quote 
Check it out..
http://charts3.barchart.com/chart.asp?sym=AUCAF&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

Not sure what to make of it..heh


Posts: 0 | Registered: A Long Time Ago!  |  IP: Logged | Report this post to a Moderator
Federated Records
Member


Icon 1 posted      Profile for Federated Records     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Phoenixx:
Check it out..
http://charts3.barchart.com/chart.asp?sym=AUCAF&data=A&jav=adv&vol= Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

Not sure what to make of it..heh


Here's my spin... avoid... too much action for my taste...


Posts: 75 | From: Johnson City, TN | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Federated Records
Member


Icon 1 posted      Profile for Federated Records     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Phoenixx:
Check it out..
http://charts3.barchart.com/chart.asp?sym=AUCAF&data=A&jav=adv&vol= Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

Not sure what to make of it..heh


My Lord, the bid ask today (12-1-04) .20/2.75.. what a swing... lose your shirt if your in at the wrong end...
strip down buck naked and ride on the ice..



Posts: 75 | From: Johnson City, TN | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
yes
New Member


Member Rated:
5
Icon 1 posted      Profile for yes     Send New Private Message       Edit/Delete Post   Reply With Quote 
LOL, no kidding. I tried to put in buy orders at .25 and .50 today, just to see if they would bite..course they didnt. Something told me to run away anyway..
Posts: 0 | Registered: A Long Time Ago!  |  IP: Logged | Report this post to a Moderator
yes
New Member


Member Rated:
5
Icon 1 posted      Profile for yes     Send New Private Message       Edit/Delete Post   Reply With Quote 
Well this stock has news but it might be dangerous to play it..


2004-12-06 12:48:54
Longtom-2 DST No. 1 Confirms 18-19 MMCF Per Day Under Australian-Canadian Oil Royalties ORRI VIC/P54

>
CISCO, Texas, Dec. 6, 2004 (PRIMEZONE) -- Australian-Canadian Oil Royalties Ltd.
(OTCBB:AUCAF) is excited to announce that Apache Corp. has reported the results
of the first Drill-stem test (DST) on the Longtom-2 well in the offshore
Gippsland Basin of Victoria in the Bass Strait. The Longtom-2 well flowed at a
stabilized rate of 18-19 MMCF/per day of gas through a 1" choke over an 11 hour
period with well head pressure at the end of the test at approximately 965 psi.
The Longtom-2 well was tested over the interval 2184.0-2192.5 meters and
2212.5-2243.5 meters. This interval will be isolated and the well prepared for
DST No. 2. The well also flowed gas with a Condensate to Gas Ratio of
approximately 3 barrels/MMCF. VIC/P54 covers 155,676 gross acres and ACOR has a
.05% ORRI under all this acreage. We are pleased to report this new discovery.

This successful test is a major discovery in the Gippsland Basin. It represents
the first significant gas flow from the Emperor Formation. The majority of the
Gippsland Basin wells have been completed in the upper Latrobe Formation. In
excess of 4 billion barrels of oil/condensate and 12 TCF gas reserves have been
discovered in the Basin since exploration drilling began in 1964, with remaining
reserves estimated at 600 million barrels of oil and 5 trillion cubic feet of
gas.

Despite its long history of extensive exploration, many parts of the basin areas
and depths, are still poorly understood. For such a prolific basin, the
Gippsland Basin is relatively unexplored and ACOR's management believes there is
still considerable potential for significant discoveries like the Longtom-2.

ACOR acquires a 25% Offshore Working Interest in the Gippsland Basin

ACOR has acquired a 25% working interest in the offshore Permit VIC/P60 covering
339,769 acres in the Bass Strait of Victoria Australia. ACOR has already begun
the year one (1) seismic expenditures on the block. VIC/P60 has an anticline
with 400 feet of seismic closure. The anticline is an undrilled upper Latrobe
Prospect. The Halibut and Kingfish Oil Fields are completed in the upper Latrobe
of Tertiary Age. ACOR's management has just ordered a new state of the art
software program to interpret the existing 2-D seismic data on Permit 60.

More ACOR Offshore ORRI in the Gippsland Basin

Adjoining VIC/P60 is VIC/P45. The Kingfish Field begins 1-1/2 miles west of
VIC/P45. The Kingfish Oil Field has produced in excess of 1.1 billion barrels of
oil. Calculating at current crude oil prices of $US43.40 per barrel, this
represents approximately $47.74 billion worth of production. ACOR owns an ORRI
under VIC/P45 and it is reported that BHP-Billiton will start drilling before
May 16, 2005, probably on the Anemone SE structure SE of the Archer well, which
has 11 pays, 4 oil and 7 gas with 1200 feet of net pay section.

ACOR holds a .05% overriding royalty located Offshore Australia in the Bass
Strait under VIC/P53. The ORRI under VIC/P53 is surrounded by GIANT Oil &
Gas production. The Australian Government estimates that VIC/P53 could contain
approximately 167,000,000 bbls of oil. ACOR's offshore ORRI's and working
interests in the Gippsland Basin go North & South through the middle of some
of the best production in the Bass Strait.

Onshore South Australia

Mosaic Oil N.L. to carry out cased hole testing on ACOR's Canberra-1A ORRI

Victoria Petroleum NL advises that the PEL 115 Joint venture has entered into a
Farm-in Agreement with Mosaic Oil N.L. whereby Mosaic Oil N.L. will earn a 10%
interest in the Canberra Prospect and 50% of any oil production from the
Canberra-1A well bore by carrying out a cased hole-testing program of the
Permian section of the Canberra-1A Well.

The Canberra Prospect covers an area of approximately 12 square kilometers and
is interpreted to have the potential to contain up to 10 million barrels of oil
in target Permian sands, if oil is present. Dr Howard Brady, Mosaic's CEO, says
"there is a chance that the well missed some oil in the Patchawarra Formation
and the possibilities are open for horizontal drilling. This test is high risk.
It gives us a low cost entry into what we see as an exciting prospect with high
upside potential. We will operate the test but then the Operatorship will stay
with Victoria Petroleum," he said. The operator of PEL 115 advises that 7"
production casing has been run and cemented at 2406 meters and the drilling rig
released from the Canberra-1A drill site.

MIRAGE-1 commences drilling on ACOR's PEL 115 ORRI

The OD&E Rig 20 is now drilling Mirage-1, 8 kilometers to the southeast of
Canberra-1A and 5 kilometers to the east of the Ventura-1 Well that recovered 44
barrels of clean oil from the McKinlay-Namur Sandstones with an indicated
potential pump rate of 340 barrels of oil per day. The Mirage Prospect is a
robust conventional anticline prospect, similar in style to the Ventura
Structure, with the interpreted potential to contain within target Jurassic
Sands, from a mean of 1.9 million up to 19 million (P10) recoverable barrels of
oil, if oil is present. The Mirage-1 Well is expected to drill to a total depth
of 1,871 meters.

About Australian-Canadian Oil Royalties Ltd.

ACOR's principal assets consist of 14,926,346 gross surface acres of overriding
royalty interest and 8,900,776 gross acres of working interests, located Onshore
Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland
Basin in the Bass Strait. ACOR is a publicly traded oil company trading on the
NASDAQ OTC Bulletin Board Exchange under the trading symbol "AUCAF". Visit our
new website to see more information on all the properties just mentioned above
at: www.aussieoil.com .

Disclaimer: Except for historical information contained herein, the statements
released are forward-looking statements that are made pursuant to the provision
of the Private Securities Litigation Reform Act of 1955. Forward-looking
statements involve known and unknown risks and uncertainties that may cause the
Company's actual results in future periods to differ materially from forecasted
results. Such risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully complete additional
financings and other risks.

CONTACT: Australian-Canadian Oil Royalties Ltd.
(254) 442-2638


Posts: 0 | Registered: A Long Time Ago!  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share