Australian Oil Company Limited is an Australia-based company. The Company is engaged in the exploration of oil and gas in Australia and overseas. The Company operates in the industry of exploration for oil and gas in Australia and USA. The Coalinga area is situated in Fresno County in the San Joaquin Basin of Central California. Porters Ranch is(9051 acres) leasehold over two surface anticlines in the Huasna northeast section of the Santa Maria Basin. Huasna Valley Mankins Ranch Project is located in California, United States. The Company�s subsidiaries include Australian Oil Company No 2 Pty Limited, Australian Oil Company No 3 Pty, California Oil and Gas Limited and Sacgasco LLC. As of June 30, 2012, the Company had 50% interest in Alamo Creek LLC, the principal activities of which are oil exploration through the Porters Ranch project.