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ORRI

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AcronymDefinition
ORRIOverriding Royalty Interest
ORRIOrthorectified Radar Image
ORRIOrlando Regional Rehabilitation Institute (Orlando, FL)
ORRIOxygen Reaction Rate Imaging


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Santos has a gas contract in place, at an estimated value of approximately $1,000,000,000 (BILLION) to process and purchase up to 350 Petajoules (PJ) of gas and associated liquids from the Longtom Gas Field on ACOR's ORRI located in the offshore Gippsland Basin.
ACOR owns a 1/10th of 1% ORRI under PEL 111, which includes the Snatcher Oil Field, covering approximately 292,819 gross acres.
New Oil Field Discovery - the Snatcher Oil Field on ACOR's ORRI On July 28th, the operator advised that the Short Term Production Test at Snatcher-1 resulted in a flow to the surface from the Birkhead Formation of clean 48 degree API oil at a rate of 218 barrels per day on a 12/64 in choke.
 
 
 
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