where will this go?, page-21

http://www.aussieoil.com/site/Kentucky.htm

ATP-582 is located in Queensland Australia with part of this giant oil & gas concession located in the Georgina Basin and part in the prolific Cooper/Eromanga Basin. The permit area covers approximately 6,716,000 gross acres.


ACOR management has also identified two additional prospects on the southern portion of ATP-582 from the 850 miles seismic data, owned by ACOR. The Samphire prospect covers approximately 3,800 acres and exhibits approximately 110 feet of closure. The Samphire West, which covers around 4,700 acres. If the Samphire prospect proves to be productive, a number of additional field discoveries may result from leads in the Southern part of ATP-582.

ACOR's 50% Carried Working Interest in 1st well:

The ATP-582 JV investor group has agreed pay for 100% of the cost to clear native title, pay 100% of the cost to shoot $US1,000,000 of new seismic, and pay 100% of the cost to drill one well.