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An announcement from Sacgasco ( (AU:AOK) ) is now available.
Australian Oil Company Limited reported significant progress in its September 2025 quarterly activities, highlighting a successful capital raising of $800,000 and the appointment of Neil Taylor as New Business Manager for East Africa. The company achieved improved gas production from its Sacramento Basin wells, notably the Dempsey 1-15 well, which returned to flowing gas. The merger of California Resources with Berry Corp, valued at $717 million, signals a consolidation trend in the Californian oil and gas sector, potentially benefiting AOK through increased deal flow and exploration opportunities.
More about Sacgasco
Australian Oil Company Limited (ASX:AOK) operates primarily in the oil and gas industry, focusing on onshore operations in California. The company is engaged in exploration and production activities, with a particular emphasis on enhancing gas flows from its Sacramento Basin wells.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.12M
See more data about AOK stock on TipRanks’ Stock Analysis page.