Can you tell me where you got this two target info from? What is your assessment of their POS? From the looks of the aussieoil website map, it looks a good location looking at surrounding oil and gas fields and the major layers involved like Santos in the area.
http://www.aussieoil.com/site/offshore.htm
http://www.allbusiness.com/energy-utilities/oil-gas-industry-oil-processing/5247623-1.html From above link The Approximately $180 Billion Dollar Neighborhood That Surrounds VIC/P53 When purchasing Real Estate you are always told: Location, Location, & Location. Guess what, when purchasing oil & gas ORRI's it is the same principle, Location, Location, & Location. ACOR management feels that VIC/P53 is located in a fantastic location.
