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Australian Oil Company Limited (ASX:AOK)

ALERT: Price-sensitive ASX Announcement for AOK
Current share price for AOK : $0.003 0.001 (20%)+
Announcement
Release
29 Jul 2026 9:24AM
Price at Release
$0.003
Full Release
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Summary
Australian Oil Company Limited reported its first revenue from the Emu Apple Oil Field with a maiden oil sale of 422 barrels. They plan further interventions to enhance productivity at Emu Apple-1 with condensate and acid washes. The company received approval to operate all Surat Basin assets and is progressing in geological mapping and resource assessment for the Major Gas Field. They participated in a recent oil and gas licensing round in Queensland, submitting bids on new exploration blocks. A $2,030,000 capital raising was partially completed, and organizational changes included the appointment of a new Non-Executive Director.
Key Points
  • First revenue was received from the Emu Apple Field, marking the maiden oil lifting of 422 barrels.
  • The company plans an intervention programme at Emu Apple-1 to improve well productivity by removing paraffin build-up.
  • Approval was granted for the company's subsidiary to operate all Surat Basin assets.
  • Crude oil samples from Riverslea were sent for assaying to support commercial offtake negotiations.
  • Geological mapping and resource assessment for the Major Gas Field are nearing completion.
  • The company participated in Queensland's latest oil and gas licensing round, bidding on two new exploration blocks.
  • Tranche 1 of a $2,030,000 capital raising was completed, raising $925,580.
  • Mr. Piers Lewis was appointed as Non-Executive Director, and Mr. Chris Hodge retired as Non-Executive Chairman.
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.