$35,000,000 Offshore Australia Well - Longtom-3 Spuds on ACOR's ORRI under VIC/P54.
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$35,000,000 Offshore Australia Well - Longtom-3 Spuds on ACOR's ORRI under VIC/P54.
CISCO, Texas -- Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to announce that the Operator of VIC/P54 states that the Longtom-3 well was spudded on Tuesday, July 11th. The well is being drilled utilizing the Ocean Patriot drilling rig. The operator has a 100% interest in the Longtom Gas Project which also includes front end engineering design studies based on the analysis of newly available seismic data. The operator has increased their best estimate of the Longtom ...
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