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Australian Oil Expands Surat Basin Footprint with Key Queensland Asset Acquisition
10:23am on Wednesday 10th of December, 2025 AEDT
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Energy
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Australian Oil Expands Surat Basin Footprint with Key Queensland Asset Acquisition
10:23am on Wednesday 10th of December, 2025 AEDT
Key Points
Acquisition of three petroleum leases and one pipeline licence near Surat
Assets include producing oil fields and gas infrastructure with growth potential
Consideration involves royalties and nominal payments to ADZ and OGT Energy
Completion contingent on due diligence and waiver of pre-emptive rights by June 2026
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