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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
11 Aug 2026 9:29AM
Price at Release
$0.003
Full Release
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Summary
The Australian Oil Company Limited announced developments in their Surat Basin operations, focusing on the Emu Apple Oil Field and the Riverslea Production Facilities. Emu Apple-1 is currently producing 15-20 barrels of dry oil per day following a successful acid wash intervention, with significant improvements observed, including zero water cut. Plans are underway to install hydraulic pumping units at both Emu Apple and Riverslea fields to enhance production. Upgrades at Riverslea include remediation of ponds, road enhancements, and water separation tank installations. The company is also evaluating exploratory opportunities and preparing infrastructure for future gas production at their Major Field site, which includes a Boxley pipeline connection to the Silver Springs Gas Plant. These actions are part of a broader strategic effort to expand production capabilities across the Surat Basin portfolio.
Key Points
  • Emu Apple-1 producing 15-20 barrels of dry oil per day post-acid wash
  • Zero water cut observed at Emu Apple-1
  • Hydraulic pumping units to be installed at Emu Apple and Riverslea
  • Riverslea Production Facilities undergoing upgrades for restart
  • Exploration at Greater Riverslea and PL 30 continues
  • Boxley pipeline connection evaluated for future gas production
  • Major Field gas infrastructure prepared for development
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.