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Sacgasco ( (AU:AOK) ) just unveiled an update.
Australian Oil Company Limited has reported positive production results from its Sacramento Basin wells and identified new growth opportunities. The company’s operations are set to benefit from the recent regulatory changes in California and the merger of California Resources with Berry Corporation, which is expected to consolidate operators and enhance exploration activities. The appointment of Neil Taylor as New Business Manager for East Africa highlights AOK’s strategic focus on international expansion.
More about Sacgasco
Australian Oil Company Limited (ASX: AOK) operates in the oil and gas industry, focusing on production and exploration activities. The company is primarily engaged in the Sacramento Basin and is exploring international ventures, with a strategic interest in East Africa.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.12M
For detailed information about AOK stock, go to TipRanks’ Stock Analysis page.