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Australian Oil Company Issues 95.5 Million Unquoted Options to Bolster Capital Flexibility

Story Highlights
  • Australian Oil Company operates in oil exploration and production, targeting hydrocarbon assets.
  • The company is issuing 95.5 million unquoted options at $0.004, enhancing future capital and financing flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Australian Oil Company Issues 95.5 Million Unquoted Options to Bolster Capital Flexibility

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An announcement from Sacgasco ( (AU:AOK) ) is now available.

Australian Oil Company Limited has notified the market of the issue of 95,472,874 unquoted options exercisable at $0.004 each, expiring on 22 December 2027. The options, forming a new class of unquoted securities not intended to be listed on the ASX, expand the company’s pool of potential equity and may influence its future capital structure and financing flexibility for ongoing operations and growth initiatives.

More about Sacgasco

Australian Oil Company Limited operates in the energy and resources sector, focusing on oil exploration and production activities. Listed on the ASX under the code AOK, the company targets hydrocarbon assets and related opportunities within the oil and gas industry.

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$2.5M

Find detailed analytics on AOK stock on TipRanks’ Stock Analysis page.

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