The company will buy the field from Adelaide Energy, a subsidiary of Australian producer Beach Energy for A$600,000 (US$538,101).
The cost includes permit and mining information and production equipment at the existing Killanoola-1 well.
The oilfield is located north-west of the Katnook gas fields and complements Rawson’s existing position in the onshore Otway basin.
The company has a stake in Otway Energy which operates two exploration licenses in the basin, PEL154 and PEL155.
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