UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 10, 2004
AUSTRALIAN OIL & GAS CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-26721 84-1379164
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2480 North Tolemac Way, Prescott, Arizona 86305
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (928) 778 1450
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
Agreement to acquire Bonaparte Basin, Northern Territory, oil and gas interests.
The Registrant has agreed to acquire from Australis Mining Finance Pty Ltd
(Australis) all of the outstanding shares of Nations Natural Gas Pty Ltd
(Nations), with the exception of 100,000 shares held by Alpha Oil & Natural Gas
Pty Ltd (Alpha) which is intended to become a subsidiary of the Registrant. The
acquisition of Nations is subject to all necessary shareholder and regulatory
consent (if any). Nation's is a 30% participant in the National Gas Consortium,
which is the holder of four permits (NT/P62, NT/P63, NT/P64 and NT/P65) located
in the eastern Timor Sea region of the Bonaparte Basin, offshore Northern
Territory.
The Bonaparte Gulf is a major emerging oil and gas province, with a developing
emphasis in gas processing for the export market. Discoveries made over the past
few years will lead to the area providing substantial gas production and
revenue, through value added gas projects covering a wide spectrum of gas to
liquids processes and technologies.
The National Gas Consortium has acquired and reprocessed approximately 3000 km
of 2D seismic data and will acquire 500 km of new 2D seismic data in the third
year of each of the permits term, except NT/P65 where 750 km of new 2D seismic
data will be acquired.
No other assets of Nations are inherent in the transaction, other than the
permits and the information and knowledge relating to them, which is held by the
National Gas Consortium.
The participating interests in the National Gas Consortium are:
National Oil & Gas Pty Ltd 35%
Australian Natural Gas Pty Ltd 35%
Nations Natural Gas Pty Ltd 30%
Mr EG Albers is a director and shareholder of Australis and of each of
Australian Natural Gas Pty Ltd, National Oil & Gas Pty Ltd and Nations, and Mr D
B Hill is a director of National Oil & Gas Pty Ltd.
Item 9.01 Exhibits
Exbibit No. Description
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99.1 Press Release of September 10,2004
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUSTRALIAN OIL & GAS CORPORATION
Date: September 10, 2004 By: /s/ E. Geoffrey Albers
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E. Geoffrey Albers
President
Exhibit Index
Exhibit No. Description
99.1 Press Release of September 10, 2004