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The latest announcement is out from Sacgasco ( (AU:AOK) ).
Australian Oil Company has scheduled its first crude oil lifting from the Emu Apple Oil Field in the Surat Basin for 31 March 2026 under an existing agreement with IOR Energy. Around 800 barrels will be trucked for refining into diesel and other products, with the higher-than-expected volume reflecting longer intervals between liftings and signalling a step-up in monetisation of the field’s production.
In parallel, the company has completed a preliminary review of geochemical and seismic data across PL 30, identifying iodine anomalies that coincide with seismic amplitude features at key reservoir levels. These findings will be incorporated into geological modelling as Australian Oil builds an inventory of development and exploration targets in PL 264 and PL 30 and evaluates new venture opportunities near its current operations and in other basins, potentially broadening its future production base.
The most recent analyst rating on (AU:AOK) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Sacgasco stock, see the AU:AOK Stock Forecast page.
More about Sacgasco
Australian Oil Company Limited (ASX: AOK), also referred to as Sacgasco in corporate materials, operates in the oil and gas industry with a focus on exploration and production in Australia’s Surat Basin. The company produces crude oil that is sold for refining into fuels such as diesel, while also pursuing exploration-led growth via onshore permits including the Emu Apple Oil Field (PL 264) and PL 30, which covers the Riverslea and Yapunyah areas.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.72M
For an in-depth examination of AOK stock, go to TipRanks’ Overview page.