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Sacgasco Limited ( (AU:AOK) ) has shared an update.
Australian Oil Company Limited has completed the Omnibus Settlement Agreement with Blue Sky Resources Ltd, receiving a final tranche payment of A$540,000 and interest charges of A$12,908.22. This divestment concludes the company’s association with Blue Sky and provides funds to support its objectives in California and explore new venture opportunities.
More about Sacgasco Limited
Australian Oil Company Limited is an Australian-based energy company focused on exploring and producing conventional oil and gas opportunities, particularly in the Sacramento Basin in California. The company holds a portfolio of natural gas and oil wells and is actively evaluating the acquisition of additional assets to enhance its strategic needs and deliver shareholder value.
Technical Sentiment Signal: Sell
Current Market Cap: $1.26M
For a thorough assessment of AOK stock, go to TipRanks’ Stock Analysis page.