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Australian Oil Company Limited (ASX:AOK)
ALERT: Price-sensitive ASX Announcement for AOK
Current share price for AOK : $0.002 -0.001 (-20%)+
Announcement
Release
28 Jul 2026 8:51AM
Price at Release
$0.003
Full Release
Summary
Australian Oil Company Limited announced significant developments in its Surat Basin operations, including the successful reactivation of the Emu Apple-1 well and ongoing efforts at the Riverslea and Major Gas Fields. The company has focused on restoring production levels, conducting geological mapping, and scheduling field visits for asset reactivation. With a strategic emphasis on operational integrity and shareholder value, the company is also exploring new venture opportunities to complement its existing assets.
Key Points
- Emu Apple-1 well successfully acidized and brought back online.
- Riverslea-3 oil samples collected for crude sales agreements.
- Field visits scheduled for Riverslea Oil Field to plan for reactivation.
- Installation of metering skids at Major Gas Field in preparation for a gas sales agreement.
- Operational focus on reactivating core oil and gas assets in the Surat Basin.
- Exploration and mapping underway in PL 30 for future growth.
- Australian Oil Company Limited continues to evaluate new venture opportunities.
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.
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