It is also known as Gum 3 and is quite impressive in H-alpha- I have data from the 1.2m AAO telescope in Coonabarabran and it is a stunning area, the nebulosity thought to be a Supernova Remnant.
Check out the H-alpha on Skyview (
http://skyview.gsfc.nasa.gov/current/cgi/query.pl) for this object, center coords: 07 15 00 -11 40 00 (J2000), Image size = 600 pixels, FOV 12 degrees, Survey = SHASSA CC
Cheers.