X0201 4/A 2002-02-04 2004-01-21 0 0001061288 AUSTRALIAN CANADIAN OIL ROYALTIES LTD AUCAF 0001270612 KAMON ROBERT BURTON PO BOX 1629 CISCO TX 76437 1 1 1 0 Secretary Common 2002-02-04 4 S 0 100000 0.055 D 1500000 I see notes Common 2003-10-24 4 G 0 160000 0.286 D 2024273 I see notes Common 2003-11-18 4 P 0 180000 0.25 A 2204273 I see notes These shares were sold by Tensleep Oil & Production, Inc. Mr. Kamon controls the acquiring/disposing entity. These shares were given as a gift to third parties by International Oil Lease Service Corp. These shares were acquired by Australian Grazing & Pastoral Co., Pty. Ltd. in exchange for overriding royalty interests in an Australian concession. This amendment is being filed to (1) correct the acquisition/disposition code for the transaction on 2/4/2002, (2) add a transaction on 10/24/2003 which was omitted from the original Form 4 filed 1/21/2004, and (3) restate the transaction dated 11/18/2003 reported on the original Form 4 filed 1/21/2004 to show the correct number of shares beneficially owned after that transaction. Robert Kamon 2004-01-28