Exhibit 31.1

                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, E. Geoffrey Albers, the Chief Executive Officer and Chief Financial Officer
of Australian Oil & Gas Corporation, certify that:

1.  I have reviewed this annual report on Form 10-KSB of Australian Oil & Gas
    Corporation;

2.  Based on my knowledge, this annual report does not contain any untrue
    statement of a material fact or omit to state a material fact necessary to
    make the statements made, in light of the circumstances under which such
    statements were made, not misleading with respect to the period covered by
    this annual report;

3.  Based on my knowledge, the financial statements, and other financial
    information included in this annual report, fairly present in all material
    respects the financial condition, results of operations and cash flows of
    the registrant as of, and for, the periods presented in this annual report;

4.  I am responsible for establishing and maintaining disclosure controls and
    procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
    registrant and have:

    a) designed such disclosure controls and procedures to ensure that material
       information relating to the registrant, including its consolidated
       subsidiaries, is made known to us by others within those entities,
       particularly during the period in which this annual report is being
       prepared;

    b) evaluated the effectiveness of the registrant's disclosure controls and
       procedures as of the period covered by this annual report (the
       "Evaluation Date"); and

    c) presented in this annual report my conclusions about the effectiveness of
       the disclosure controls and procedures based on my evaluation as of the
       Evaluation Date; and

5.   I have disclosed, based on my most recent evaluation, to the registrant's
     auditors and the audit committee of registrant's board of directors (or
     persons performing the equivalent functions):

    a) all significant deficiencies in the design or operation of internal
       controls which could adversely affect the registrant's ability to record,
       process, summarize and report financial data and have identified for the
       registrant's auditors any material weaknesses in internal controls; and

    b) any fraud, whether or not material, that involves management or other
       employees who have a significant role in the registrant's internal
       controls; and

6.  I have indicated in this annual report whether there were significant
    changes in internal controls or in other factors that could significantly
    affect internal controls subsequent to the date of my most recent
    evaluation, including any corrective actions with regard to significant
    deficiencies and material weaknesses.




Dated: March 21, 2005                                /s/ E. Geoffrey Albers
                                                     ----------------------
                                                     E. Geoffrey Albers,
                                                     Chief Executive Officer and
                                                     Chief Financial Officer