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The latest announcement is out from Sacgasco ( (AU:AOK) ).
Australian Oil Company Limited has issued 321,933,792 fully paid ordinary shares following shareholder approval at a general meeting held on 11 December 2025. The new shares were issued without a disclosure document under the Corporations Act, with the company confirming it remains compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information relevant to the offer, a move that significantly increases its share base and may provide additional capital flexibility for its ongoing exploration, production, and potential acquisition activities.
More about Sacgasco
Australian Oil Company Limited (ASX: AOK) is an Australian-based energy company focused on conventional oil and gas exploration and production, primarily in the Sacramento Basin in California. The company targets under-explored, overlooked oil and gas opportunities near under-supplied markets and holds a portfolio of natural gas and oil producing wells alongside prospects and discoveries at various exploration and appraisal stages, while also evaluating additional producing and exploration assets to strengthen its strategic position and enhance shareholder value.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.5M
See more data about AOK stock on TipRanks’ Stock Analysis page.