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Sacgasco ( (AU:AOK) ) has shared an announcement.
Australian Oil Company Limited reported a busy December 2025 quarter highlighted by a strategic entry into Queensland’s Surat Basin through binding agreements to acquire a portfolio of producing and development-stage oil and gas assets from ADZ Energy and OGT Energy. The package includes petroleum licences hosting the Emu Apple and Riverslea oil fields, the Major gas field, and pipeline access via PPL 22 to the Silver Springs Gas Plant, positioning AOK close to established gathering, processing and pipeline infrastructure in a major domestic production corridor. During the quarter the company also completed the 100% acquisition of Xstate USA, increasing its economic exposure to Californian assets, continued stabilisation and optimisation of gas production at its Dempsey area project, progressed due diligence and negotiations on two high-impact international exploration opportunities, and raised A$800,000 in a two-tranche capital raising. Collectively, these moves expand AOK’s production, development and exploration options, enhance access to east coast gas and liquids markets, and do so with limited additional environmental liability due to existing bonds and deferred abandonment obligations, which is likely to be material for the company’s growth trajectory and appeal to investors seeking leverage to conventional energy markets.
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 Limited (ASX:AOK), also referred to as Sacgasco in other disclosures, is an Australian energy company focused on oil and gas exploration, development and production. Its asset base includes onshore projects in Australia and economic interests in California, targeting conventional hydrocarbons and supplying domestic gas and liquids markets, particularly on Australia’s east coast.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.15M
For detailed information about AOK stock, go to TipRanks’ Stock Analysis page.