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Sacgasco ( (AU:AOK) ) has provided an announcement.
Australian Oil Company Limited has reached a settlement with former Director Gary Jeffery and Dungay Resources Pty Ltd, resolving financial disputes and strengthening its balance sheet. The settlement includes forgiving a $1 million loan and issuing 36 million shares, allowing the company to focus on strategic growth and capitalize on opportunities in the energy sector.
More about Sacgasco
Australian Oil Company Limited operates in the energy sector, focusing on oil exploration and production. The company is involved in developing new business opportunities and enhancing its operations, particularly in California, amidst global energy security challenges.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2M
For an in-depth examination of AOK stock, go to TipRanks’ Overview page.