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Australian Oil Company Limited (ASX:AOK)

ALERT: Price-sensitive ASX Announcement for AOK
Current share price for AOK : $0.003 0 (0%)+
Announcement
Release
12 Jun 2026 8:21AM
Price at Release
$0.003
Full Release
download
Summary
Australian Oil Company Limited (AOK) has announced significant progress in their Surat Basin development activities. This includes advancements in production and exploration efforts. The company completed a second oil lifting of 422 barrels from the Emu Apple Oil Field under an agreement with IOR Energy Pty Ltd, with future enhancement operations planned to boost productivity. Exploration activities have identified new targets within the PL 264, with further exploration potential highlighted by historical survey anomalies. The company has received approval to operate all Surat Basin assets transferred from DNRMMRR, and commercial negotiations for gas sales at the Major Gas Field are progressing. The immediate focus is on understanding opportunities at the Major Gas Field with potential for increased production and commercial sales. Strategic development plans, including a revised Later Development Plan for the Riverslea Field, aim to restart production from certain wells and capitalize on updated commodity pricing.
Key Points
  • Second oil lifting of 422 barrels from Emu Apple Oil Field completed.
  • New exploration targets identified in PL 264 using historical survey data.
  • Approval received to operate all Surat Basin assets transferred from DNRMMRR.
  • Revised Later Development Plan for Riverslea Field incorporates exploration upside.
  • Commercial gas sales negotiations at Major Gas Field are maturing.
  • Focus on boosting production from existing wells with high-value, low-cost exploration opportunities.
  • Production enhancement operations planned at Emu Apple Oil Field.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.