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AMBASSADOR OIL AND GAS LIMITED

ASX: AQO

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

delisted as of 29/10/2014: Pursuant to Listing Rule 17.14, following compulsory acquisition of the Company's securities by Drillsearch (Central) Pty Limited.

Ambassador Oil & Gas Ltd is a diversified, unconventional oil and gas exploration company, with assets in Australia and the US.

Ambassador has assembled a balanced portfolio of prospective exploration targets in the South Australian sector of the Cooper / Eromanga Basin.

Highlights

PEL570 Project
100% Ambassador Oil and Gas

The licence area is located approximately 75 kilometres north of the Moomba gas processing facility in the north-east of South Australia. The licence is made up of five parts totalling almost 2400 square kilometres.

PEL516 Mudlalee Block Project
Farm in 60% Ambassador Oil and Gas

The block, consisting of two discreet sections, is located adjacent to the producing Mudlalee oil field. The Mudlalee oil field produces from two separate culminations in the northwest and southeast with two low risk field extension's in each culmination. The mean recoverable oil potential from a well drilled in the extension of each culmination is 380,000 and 90,000 barrels respectively

In the US Ambassador has acquired highly prospective oil and gas exploration leases in emerging, oil prone, resource plays in Colorado. Ambassador holds a parcel of leases in Colorado totalling over 12,000 net acres.

Mine For

GAS

Australian Basins

Cooper, Euromanga

Address

Level 1 23 Oxford Street,
Oakleigh, Vic, Australia. 3166

Phone

+61 3 9570 5451

Email

Website


Last Updated

31/10/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.