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Australian Oil Company Limited (ASX:AOK)

ALERT: Price-sensitive ASX Announcement for AOK
Current share price for AOK : $0.002 0 (0%)+
Announcement
Release
1 Jul 2026 9:01AM
Price at Release
$0.002
Full Release
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Summary
Australian Oil Company Limited has commenced Phase 1 development initiatives in the Surat Oil Basin, focusing on well interventions, infrastructure acquisition, and technical evaluations. Key operations include completing interventions on the Emu Apple-1 well, revising the development plan for the Riverslea Field, and nearing completion of geological mapping for the Major Gas Field. The development strategy emphasizes phased field reinstatements, beginning with the Major Gas Field and progressing through other fields. Negotiations are ongoing to acquire pumpjack infrastructure to facilitate these initiatives, alongside exploring higher impact domestic exploration opportunities outside the Surat Basin.
Key Points
  • Phase 1 development initiatives in the Surat Oil Basin have commenced.
  • Intervention operations completed on the Emu Apple-1 well, which is now shut in for treatment optimization.
  • Riverslea Field development plan is under revision for Riverslea-3 well reinstatement.
  • Negotiations are in progress for pumpjack infrastructure deployment to Emu Apple Oil Field.
  • Major Gas Field geological mapping is nearing completion.
  • Field reinstatements are foundational to the Surat development roadmap.
  • Exploration opportunities outside the Surat Basin have been identified and assessed.
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.