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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
30 Jan 2026 5:46PM
Price at Release
$0.002
Full Release
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Summary
The December 2025 Quarterly Activities and Cash Flow Report for Australian Oil Company Limited (AOK) outlines significant developments in its operations. AOK executed agreements to acquire assets in the Surat Basin, Queensland, enhancing its production capacity and regulatory exposure. The acquisition includes strategic infrastructure and exploration prospects, with production restart studies underway. In California, AOK focused on stabilizing production and improving deliverability in its Sacramento Basin portfolio. The company completed the acquisition of Xstate USA Corporation, which increased its interests in California. Financial activities included a two-tranche capital raising of A$800,000. AOK continues to explore new ventures domestically and internationally, focusing on assets with existing infrastructure and market access. The report also details cash flows, highlighting a net decrease in cash and cash equivalents, with plans for continued capital management and operational funding.
Key Points
  • Executed agreements to acquire assets in the Surat Basin, Queensland.
  • Focused on stabilizing production in the Sacramento Basin, California.
  • Completed acquisition of Xstate USA Corporation.
  • Raised A$800,000 through a two-tranche capital raising.
  • Exploring new venture opportunities with existing infrastructure and market access.
  • Net decrease in cash and cash equivalents reported.
  • Plans for continued capital management and operational funding.
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.