bakken affect, page-2

Hope this answers a lot of questions in regards to JV partners and being free carried the acreage is lined up so free carry

http://www.aussieoil.com/site/Drilling%20reports.htm

An ORRI or carried working interest is the best position to be in as it eliminates the risk and expenses associated with oil & gas exploration, giving the company the best opportunity to increase shareholder value.

Since 1954, the largest shareholder of ACOR has used these same techniques and has leased over 1 Billion acres for oil & gas exploration in foreign countries.


ACOR?s VIC/P53 block is located near the Halibut Oil Field. The average well in the Halibut Oil Field has produced 60,000,000 bbls of oil per well or $3,000,000,000 worth of oil per well, at current crude market prices.


n 2005, ACOR and partners completed a seismic survey on PELs 112 and 444 at a cost of approximately $1,100,000. The new seismic survey discovered two large seismograph highs as well as 24 smaller one

One of the best prospects C26, is approximately 4.25 times the size of the Worrior Oil Field that has oil revenue of approximately $37,750,000 per well per year pipeline runs. If just one of the Giant oil structures (C23) is filled with oil, the possible potential reserve estimates alone could exceed 25 million barrels of oil or approximately $1.25 Billion dollars using current crude oil market prices.

The Tirrawarra Oil Field has already produced approximately $US814,000,000 worth of oil, gas and associated hydrocarbons with estimated remaining reserves of 70,000,000 barrels of oil and 350 Billion cubic feet of gas.