Australian Oil & Gas Corporation Stock Other OTC

Australian Oil & Gas Corporation (AOGC) is an energy company that explores for natural gas, crude oil and natural gas liquids. The Company focuses on oil and gas exploration opportunities in offshore waters within the territorial boundaries of Australia. As of December 31, 2011, the Company held interests in three petroleum exploration permits in the offshore areas adjacent to Australia. WA-342-P and NT/P73 are held by Alpha and Cornea Oil & Gas Pty Ltd respectively, while the interest in WA-422-P, which was acquired subsequent to year ended December 31, 2011, is held by Nations Natural Gas Pty Ltd. The Company has two wholly owned subsidiaries, which include Alpha Natural Resources Pty Ltd and Nations Natural Gas Pty Ltd. AC/P35 permit was cancelled, on July 1, 2011, which consisted of 46 graticular blocks, totalling approximately 3,410 square kilometers (842,645 acres).