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The latest update is out from Sacgasco ( (AU:AOK) ).
In its June 2025 Quarterly Activities Report, Australian Oil Company Limited announced the successful reactivation of its Reclamation Board 7 and 8 wells, achieving stable gas production rates. The company is shifting focus from the Borba and Dempsey lease areas, deemed commercially immaterial, to other leases and new ventures in the Sacramento Basin. A settlement agreement was reached with a former director, and the company is exploring domestic and international opportunities, supported by a recapitalized balance sheet.
More about Sacgasco
Australian Oil Company Limited (ASX:AOK) operates primarily in the onshore oil and gas industry, focusing on exploration and production activities, particularly in the Sacramento Basin in California. The company is involved in identifying and developing new venture opportunities to diversify its portfolio.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.11M
Learn more about AOK stock on TipRanks’ Stock Analysis page.