1 Billion Barrels of Oil, page-4

Not only are the gas targets massive (5TCF +) but have had previous drilling on them with extensive gas shows.

"Some of the prospects being prepared for drilling are considered to be relatively low risk because they rely on offsetting and / or re-entering wells with extensive shows of gas that were not considered commercially significant at the time of drilling in the period from the 1950’s to mid-1980’s".

http://www.australianoilcompany.com...014.04.30_aoc_quarterly_activities_report.pdf

And there is also the porter ranch oil project which they are hoping to drill soon.

Not long for the XST shareprice to go AWOL as well AgentM imho

DYOR