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An update from Sacgasco ( (AU:AOK) ) is now available.
Australian Oil Company Limited has notified the market of the issue of 40 million unquoted options, exercisable at $0.004 each and expiring on 22 December 2027. The new options, which form part of a previously flagged transaction, are not intended to be quoted on the ASX and represent a form of non-cash incentive or financing that may, if exercised, provide additional equity capital and potentially dilute existing shareholders over time.
More about Sacgasco
Australian Oil Company Limited is an ASX-listed energy company focused on the exploration and development of oil resources. Operating within the upstream oil and gas sector, it seeks to create value through identifying and advancing hydrocarbon assets for production and potential monetisation in public markets.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.5M
For an in-depth examination of AOK stock, go to TipRanks’ Overview page.