Texas-based, US Australian-Canadian Oil Royalties Ltd (ACOR) has purchased a 1/10th of 1% overriding royalty interest in two licences in the prolific Cooper-Eromanga Basin off South Australia. The concessions are part of a giant area that was held for almost 40 years by Santos and Exxon. The Australian government had forced the two companies to…
AUSTRALIA: Australian-Canadian Oil Royalties Ltd acquires stake in Cooper Eromanga Basin
Posted on August 4, 2004 by EnergyAsia