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NEWS ARCHIVE

AOC expanding operations

AUSTRALIAN Oil Company has negotiated the acquisition of a 75% interest in the Hood-Franklin gas field in Sacramento County, California, which could add 3-6 million cubic feet of gas to AOC's daily production.

The field consists of the Whitney-1 gas production well and the cased and suspended Whitney F-1 well. AOC will earn its stake in the field by funding a sidetrack and completion of Whitney F-1, which...

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