Managing Director Kane Marshall confirms Australian Oil Company’s transition to producer following the acquisition of the Emu Apple and Riverslea fields.
Australian Oil Co (ASX:AOK) has confirmed near term oil lifting and active production optimisation across the Emu Apple and Riverslea fields following completion of its PL 264 and PL 30 acquisition.
Australian Oil Company (ASX:AOK) has completed its acquisition of 3 petroleum leases and 1 petroleum pipeline licence in Queensland’s Surat Basin, with all conditions precedent satisfied and the transaction now unconditional.
Kane Marshall says the Surat Basin acquisition marks a decisive step in strengthening Australian Oil’s capacity to advance production, mature new drilling opportunities and broaden its Australian growth platform.
Damon Neaves says the acquisition of the Petrojarl I marks a pivotal shift that strengthens Finder Energy’s ability to deliver the KTJ Project on an accelerated pathway.
Stuart Nicholls says the $16.6 million capital raising marks a defining step for Elixir Energy as it accelerates into Phase 2 of its Strategic Plan.
Xstate Resources Managing Director Andrew Bald says early results from the Diona-1 well highlight the presence of hydrocarbons and reinforce the value of the company’s multi-stacked play strategy.
Brookside Energy has unveiled its Riverbend Area of Interest in the Anadarko Basin, a 24 square mile position with the potential to materially grow reserves and deliver strong well economics.
Kane Marshall says Australian Oil Company is boosting Californian gas output and eyeing global growth as market conditions improve.
Brookside Energy is cashing in on early production success from its Gapstow Wells, highlighting the strength of its strategic foothold in Oklahoma’s SWISH Play.