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The latest update is out from Sacgasco ( (AU:AOK) ).
Australian Oil Company has issued a clarification regarding a recent market announcement that included a historical seismic image from the Emu Apple field in the Surat Basin. The company confirmed that the image was sourced from a 2D seismic survey completed in 1982 by Hematite Petroleum, then a BHP subsidiary, on permit ATP 145 P, which later became PL264.
AOK detailed that the survey was undertaken and completed by Hematite Petroleum and used for structural and stratigraphic interpretation across the Emu Apple field. By providing this additional technical and historical context, the company aims to satisfy ASX Listing Rule 5.29 disclosure requirements and reinforce the basis for its field mapping and prospect assessment in the area.
The most recent analyst rating on (AU:AOK) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Sacgasco stock, see the AU:AOK Stock Forecast page.
More about Sacgasco
Australian Oil Company (ASX:AOK) operates in the oil and gas industry, focusing on exploration and development activities in Australia. Its assets include interests in the Surat Basin, where it evaluates historical and contemporary geological data to support field mapping and prospect definition.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.15M
For an in-depth examination of AOK stock, go to TipRanks’ Overview page.