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Author Topic: AUCAF - DISCOVERED NEW OIL POOL!!!!
madOIL
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Business Editors / Energy Editors

CISCO, Texas--(BUSINESS WIRE)--May 24, 2006--
Australian-Canadian Oil Royalties Ltd. (herein called
ACOR) (OTCBB:AUCAF) reports that the operator has announced that the
Sellicks-2 well has struck oil in a new oil pool. The DST 1A conducted
early this morning over the Poolowanna Formation interval 1984-2007
meters resulted in a flow of oil to surface in 13 minutes. A
preliminary rate of 2250-2700 barrels of oil/day was achieved. The
Sellicks-2 well adjoins ACOR's PEL 112 to the north. The Sellicks-2 is
an appraisal well in Sellicks Oilfield in the Eromanga Basin, South
Australia, spudded on May 11.
This is a new pool oil discovery within the Sellicks Field, which
has, to date, produced oil only from the deeper Patchawarra Formation.
Sellicks-2 is the first of two appraisal wells based upon 3-D seismic
that was designed to optimize field development. Sellicks-2 will now
drill ahead to evaluate the Patchawarra Formation primary target,
which is expected to be reached tomorrow.
Since its discovery in July 2003 the Sellicks-1 has produced more
than 250,000 barrels of oil or $17,500,000, using $70.00 per barrel
oil and continues to produce strongly. However, new 3-D seismic
mapping suggests that the discovery well may not be optimally located
on the field, and the two appraisal wells are designed to test the
potential for undrained oil updip and offset from Sellicks-1. Both
wells will be deviated from a single well site located adjacent to the
established field facility. The bottom-hole target for Sellicks-2 is
located approximately 120 meters to the south of Sellicks-1. It has a
planned total depth of 2,147 meters.
All the wells mentioned in this press release adjoin ACOR's 41.5%
working interest PEL 112 to the north and to the east.

Silver Sands-1 well came in with an initial potential of 1062 BOPD

Christies-1 well came in with an initial potential of 500 BOPD

Christies-2 well came in with an initial potential of 1960 BOPD

Christies-3 well came in with an initial potential of 2400 BOPD

Christies-4 well came in with an initial potential of 653 BOPD

Christies-5 well came in with an initial potential of 403 BOPD

Sellicks-1 well came in with an initial potential of 1780 BOPD

Worrior-1 well came in with an initial potential of 2800 BOPD

Worrior-2 well came in with an initial potential of 2000 BOPD

Worrior-3 well came in with an initial potential of 276 BOPD

Worrior-4 well came in with an initial potential of 1660 BOPD

The current production on the adjoining area to the north of
ACOR's PEL 112 is averaging a reported $33,000,000 a year.
The current production on the adjoining area to the east of ACOR's
PEL 112 is averaging a reported $75,000,000 a year.

Why are we talking about the Wells that adjoin ACOR's PEL 112?

Take the smallest of the recent discoveries (276 BOPD) and
multiply (x) it by $70.00 per barrel, current market price of crude
oil times (x) 30 days, times (x) 12 months and apply it to times (x)
ACOR's PEL 112 41.5% Working Interest and see the results for
yourself. Now do the same with the largest discovery that adjoins
ACOR's PEL 112.

Smallest Discovery so far, Worrior-3 IP 276 BOPD

Largest Discovery so far, Warrior-1 IP 2,800 BOPD

Now you can see why ACOR management is so excited about all the
drilling activity that is going on adjoining ACOR's PEL 112 to the
north and east. In our opinion, any one of the recent discoveries from
the smallest to the largest could be a possible "Company-Maker"
discovery for our company, if discovered on PEL 112.
This is some of the most profitable production in onshore
Australia, and ACOR is in the middle of it.

About PEL 112

ACOR has invested approximately five years of time and several
million dollars on PEL's 112, 108, & 109.
PEL 112 covers 818,904 acres and has never been drilled on (no dry
holes) and is located in the Cooper/Eromanga Basin of South Australia.
ACOR has just completed a new seismic survey on PEL 112 at a cost of
approximately $1,100,000. The new seismic survey has discovered two
large seismograph highs as well as 28 smaller ones. The two large
seismograph highs are called C-23 & C-26, which cover a combined area
of approx. 5,534 acres with excellent closure.
ACOR is currently getting drilling bids for the two best drilling
locations identified by seismic. The drilling locations for C-23 &
C-26 have now been staked and the photos of the locations are
available on our website.

ACOR owns 41.5% WI under PEL's 108, 109, & 112.

ACOR Management Visit to Australia

ACOR management is back from Australia, after attending the 2006
APPEA Convention May 7-10. ACOR management met with several investors
who requested that we travel to see them. ACOR has received farmout
requests for a portion of ACOR's 41.5% working interest under PEL 108,
109, & 112 and a portion of ACOR's 100% working interest under
ATP-582, covering approximately 8,414,348 gross acres. Both areas are
located in the Cooper/Eromanga Basin in South Australia and
Queensland. ACOR management is seriously reviewing the farmout
requests. Results of the meetings will be shared with you in
forthcoming press releases.

About Australian-Canadian Oil Royalties Ltd.

ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT.
ACOR's principal assets consist of 15,440,116 gross surface acres of
overriding royalty interest and 8,561,007 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."

Summary:

Australia is a "hot spot" for oil & gas exploration and ACOR is
positioned for possible "Company-Maker" discoveries. ACOR's working
interest and overriding royalty interest are located offshore &
onshore in the best producing basins.

Visit our website 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.


KEYWORD: NORTH AMERICA AUSTRALIA/OCEANIA TEXAS AUSTRALIA UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS NATURAL RESOURCES MINING/MINERALS PRODUCT/SERVICE
SOURCE: Australian-Canadian Oil Royalties Ltd.


CONTACT INFORMATION:
Australian-Canadian Oil Royalties Ltd.
Roger Autrey, 512-784-7828
RLA*austin.rr.com

[ May 26, 2006, 14:20: Message edited by: glassman ]

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Posts: 199 | From: beach, sc | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
madOIL
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Business Editors / Energy Editors

CISCO, Texas--(BUSINESS WIRE)--May 26, 2006--
Australian-Canadian Oil Royalties Ltd. (herein called
ACOR) (OTCBB:AUCAF) reports that the JV partner of ATP-299 has
announced the successful completion of Mulberry-12 as a Birkhead oil
producer. Mulberry 12 was drilled at the Mulberry Field on ACOR's ORRI
about 950 meters northwest of Mulberry 2. It encountered good oil
shows with approximately 3-4 meters of net oil pay in the mid Birkhead
reservoir unit and has been cased as a future oil production well.
Rig PDI-735 was then released to the Huckleberry 1 near field
exploration (NFE) well location. Huckleberry 1 is located
approximately 2 kilometers west of Mulberry 2, and spudded on May
21st. The total depth of the Huckleberry-1 is 1,365 meters.
The second drilling rig, PDI-724 continued drilling operations at
the Endeavour field. Endeavour 11 spudded on May 19th. As of May 22nd,
the surface casing had been set. Planned forward operations are to
drill out the casing shoe conduct BOP tests and drill in 7 7/8" hole
ahead to TD.

About The Mulberry Oil Field:

Mulberry-1 was drilled in 2004 and is producing oil at a rate of
approximately 600 barrels of oil per day. The 51 wells are designed to
achieve additional oil production and to test the extent of the oil
pool in the Birkhead 11-77 sand discovered in the Mulberry-1 well. The
Mulberry-Gimboola-Endeavour /Tintaburra Oil Field contain significant
proved undeveloped oil reserves and exploration up side.
The Mulberry-Gimboola-Endeavour Field is part of the Tintaburra
Oil Field on ACOR's ORRI under ATP-299. The Mulberry/Tintaburra Oil
Field is estimated to contain around 84 million barrels of proved plus
probable oil in place or approximately $5,036,640,000, at current
market prices.
ACOR owns .0575 of 1% ORRI under ATP-299.

ACOR Onshore Australia Working Interest Update:

ACOR has received farmout requests for a portion of ACOR's 41.5%
working interest under PEL 108, 109, & 112 and a portion of ACOR's
100% working interest under ATP-582, covering approximately 8,414,348
gross acres. Both areas are located in the Cooper/Eromanga Basin in
South Australia and Queensland. ACOR management is seriously reviewing
the farmout requests. Results of the meetings will be shared with you
in forthcoming press releases.

About Australian-Canadian Oil Royalties Ltd.:

ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT.
ACOR's principal assets consist of 15,440,116 gross surface acres of
overriding royalty interest and 8,561,007 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."

Summary:

Australia is a "hot spot" for oil & gas exploration and ACOR is
positioned for possible "Company-Maker" discoveries. ACOR's working
interest and overriding royalty interest are located offshore &
onshore in the best producing basins.
Visit our website at www.aussieoil.com.

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matto
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HUGE NEWS WEEEEEEEE!!!!!!! i am in and the chart is sweet

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Trading is a blast!!

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T e x
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grabbed some...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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vg
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Huge trying to get filled right now
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vg
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What did you get in at Tex
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tompom
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i´m in !
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matto
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http://stockcharts.com/h-sc/ui?s=aucaf&p=D&yr=0&mn=3&dy=10&id=p69797647765

This chart and only 4.7 million in float WOW !!!

--------------------
Trading is a blast!!

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T e x
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veeg, 1.10 X 1.15, they nudged it down a little...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Dustoff 1
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I just bought 550 at 1.05
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vg
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just got filled
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vg
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Awesome Tex I dont think many people have got the news yet. This could fly especially with the news and low volume, but its Friday too so we might have to wait a bit.
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T e x
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lol, saw that go thru, Dust...

veeg, you're right, pretty strong news...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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T e x
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2500...that's decent

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Dustoff 1
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Glad I saw the BB behind the OTC...LOL

Damn I moved FAST! About 30 seconds from seeing the post, to puting in my order..LOL

O well cost is $577.50 I ain't complaining..

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Dustoff 1
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Can't get ahold of peaser, heck of a time for a smoke!
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vg
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LOL,
its speedy dustoff now

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vg
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THIS THREAD IS SUPPOSED TO BE AUCAF NOT ACUAF
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matto
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Remember acor is involved also and they are up! ask now at $3.99 With this float i am happy with my buy's

--------------------
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Dustoff 1
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Bob should be advised about the mis-symbol..
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hawkdriver
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nobody wants to bite on my .96 offer.

--------------------
skids are for kids

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Dustoff 1
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Hawk, no no no you don't understand!!!! Buy mine at 2.25 while ya can!!!! Hurry!
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madOIL
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i dont think symbol ACOR (Acorda therapeutics) is involved lol

just an acronymn the PR used to:
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF)

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hawkdriver
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think i'm gonna pull the .96 since nobody want to outbid me.

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skids are for kids

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T e x
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quote:
Originally posted by madOIL:
i dont think symbol ACOR (Acorda therapeutics) is involved lol

just an acronymn the PR used to:
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF)

that sounds right

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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hawkdriver
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sorry Dust, I can't believe I past on your 2.25 offer. That was pretty dumb of me. LOL

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skids are for kids

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matto
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ROFLMAO sorry!

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Trading is a blast!!

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Dustoff 1
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Ah, just get in there on the ASK it's just money! LOL

Warrants are rich with all that flight pay!

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T e x
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spank dat ask!

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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I had my bid 3000 at .96 so you can't say I didn't try to walk the bid up. Problem was nobody else would out bid me, the momentum looks like stagnant water when nobody is competing on the bid. I think we might be able to solve this problem if we start a new thread with the right name, and MOST importantly, we have to use one of those little smiley faces instead of the same old boring paper.

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skids are for kids

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T e x
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Ticker correct, now--yes?

I reported it...

it's getting stroked a bit...

Hawk, what if we all put smilies in our posts?

[Smile]

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Dustoff 1
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O Ha--awk, better look now..
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I walk away for a minute, the price goes up but the bid is the same. I think someone is trying to trick me. [Smile]

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skids are for kids

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Dustoff 1
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Wheels is fer Areoplanes not Whirlybirds..
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hawkdriver
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I fly them both.

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skids are for kids

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