X0202 4 2005-12-22 0 0001080634 AUSTRALIAN OIL & GAS CORP AOGC 0001280583 ALBERS ERNEST GEOFFREY 25TH FLOOR 500 COLLINS STREET MELBOURNE, VICTORIA C3 3000 AUSTRALIA 1 1 1 0 President Common Stock 2005-12-22 4 A 0 2500000 0.1 A 15800000 I See notes 3,300,000 shares of Common Stock issued in February 2004 and previously reported on 26 February 2004 are held directly by the Reporting Person. 10,000,000 shares of Common Stock issued in February 2002 and previously reported on 26 February 2006, are held in the following names: Great Missenden Holdings Pty Ltd (4,000,000), Bass Strait Group Pty Ltd (4,000,000), Sacrosanct Pty Ltd (2,000,000). The Reporting Person is a shareholder and director of each of these companies and shares dispositive power over these shares held by these companies. The Reporting Person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for the purposes of Section 16 or any other purpose. On 22 December 2005 2,500,000 shares of Common Stock were issued by the Issuer to the Reporting Person as consideration for accrued wages. /s/ Ernest Geoffrey Albers 2006-03-03