southern georgina, page-2

In regards to the seismic that was ran through another company's area in between 909 911[CTP] AREA PASTED THRU

The Company recently entered into an agreement with Central Petroleum Limited ("Central") which will allow Central and its partner to tie its seismic to a data point on ATP 582 with the Company having access to any seismic acquired over ATP 582.

Central and its partner Total are completing a 500km of 2D seismic programme over their immediately adjacent joint-venture lands in the Southern Georgina Basin,

[ Says 500 klm's but 984 klm's was recorded 47 klm's was for Chelsea oil and gas]


CALGARY, Alberta, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Chelsea Oil and Gas Ltd. (formerly Australian-Canadian Oil Royalties Ltd.) (OTCBB:AUCAF) ("Chelsea" or "the Company") and International TME Resources Inc. (OTC:ITME) ("ITME") are pleased to announce the closing on October 1, 2013, of the previously announced Plan of Arrangement (the "Arrangement") whereby Chelsea acquired all of the issued and outstanding common shares of ITME.

In connection with the closing of the Arrangement, the Company changed its name to Chelsea Oil and Gas Ltd